An astute Ethereum (ETH) whale with a high win rate, identified by the address 0xb15485a37a1e6759f0dff1bdccfc27c2c96c8b2e, transferred 6.3 million USDT back to Binance today, September 2, 2023, according to EmberCN, a crypto analysis Twitter account.
Source: ethplorer
This move has sparked speculation that the whale may be eyeing new buying opportunities. Known for a “buy low, sell high” strategy, the whale had been on a profitable streak since May 2023, successfully executing five trades before encountering a setback in August.
First Significant Loss
On August 14, 2023, the whale moved 22,340 ETH, valued at $41.1 million, into Binance and withdrew 12.88 million USDT just 20 minutes later. Following this transfer, the ETH price fell from $1,844 to $1,834.5, suggesting that the whale’s ETH holdings were likely partially or fully sold.
The investor triggered a stop-loss at $1,840 per ETH, resulting in a liquidation of 22,340 ETH….
