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A major whale has recently been continuously adjusting their ETH positions in the cycle loan strategy. In the past hour, this whale sold another 5,000 ETH, realizing 14.6 million USDC.
Looking at the operations over the past 11 days, this trader has sold a total of 35,605 ETH, amounting to $103.7 million, with an average price of $2,914 per ETH. This round of trading has yielded a profit of $13.14 million.
It is worth noting that the wallet still holds 15,000 ETH, valued at approximately $43.88 million. Such a holding size indicates that even amid ongoing de-risking, this major holder's long-term bullish attitude towards ETH remains unchanged.