Whale “0x720” Closes $6M ETH Long, Buys 2,000 ETH at $3,839 After $12.68M Withdrawal
Main Idea
Whale '0x720' closed a $6M Ethereum long position, withdrew $12.68M from HyperLiquid, and purchased 2,000 ETH at $3,839 each, indicating strategic market moves and confidence in Ethereum's mid-term potential.
Key Points
1. Whale '0x720' closed an Ethereum long position on July 30, securing a $6 million profit.
2. $12.68 million was withdrawn from HyperLiquid and transferred to Binance for further trading.
3. The whale purchased 2,000 ETH at $3,839 per coin, totaling approximately $7.68 million.
4. The purchase suggests confidence in Ethereum's mid-term potential and reflects strategic market positioning.
5. The whale's actions highlight significant liquidity movements and potential influence on the crypto market.
Description
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