#Whale dumps ETH, losing millions#

Recently, multiple whale sell-offs of cryptocurrencies have caught market attention. Among them, an ETH swing trader, after 25 rounds of swing trading, ultimately closed with a profit of $905,000, having previously suffered a floating loss of $1,475,000. Another whale, holding ONTO, cleared their position and cashed out $13,580,000 within 38 days, incurring a loss exceeding $3,500,000, a loss rate of 20.7%. In addition, a whale shorting ETH went from profit to loss in four days, plummeting from a floating profit exceeding $15,000,000 to a floating loss of $1,000,000. These events reflect the drastic volatility of the cryptocurrency market and the significant impact that whale trading behavior has on market trends. While the trading strategies and objectives of these whales remain unclear, these incidents serve as a reminder to investors that the cryptocurrency market carries extremely high risk and demands cautious investment and effective risk control.