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I just saw a strange movement in the Ethereum market! A well-known whale with the address 0x65B4 is buying ETH again after losing last month. A few hours ago, they spent $12.5 million USDC and purchased about 6,228 ETH at an average price of around $2,007.
The problem is that this whale wasn't lucky the first time. In October, after the crash, they injected $32.6 million into the market โ buying 6,206 ETH and 92 cbBTC โ but the trade didn't go well, and shortly after, they sold at a loss of about $829,000!
So this whale either read the market correctly this time or is about to repeat the same mistake. The question is: is this luck for the whale this time, or a new loss? ๐