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A certain Whale/Institutional Address reduced its holdings by another 10,000 ETH 5 hours ago and still holds 35,000 ETH.
BlockBeats News, July 17th, according to on-chain data analyst Wu Ji monitoring, [Whale/Institution Profited $30.45 Million Through Two ETH Swing Trades] continued to sell 10,000 ETH (approximately $32.97 million) through Wintermute 5 hours ago. After more than a week of phased selling, the address now holds only 35,000 ETH.
The address started its third round of ETH swing trading from June 11th to June 22nd: buying 132,000 ETH at an average price of $2,540, then starting to sell ETH in batches to take profits from July 9th. It has sold 98,592 ETH for 277 million USDC, with a selling average price of $2,810, realizing a profit of $26.62 million from this portion of sales. It currently holds 35,000 ETH (approximately $117 million), with an unrealized profit of $28.5 million on this portion.
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