Massive Ethereum Whale With 4,890 ETH Suffers Losses After Error Moves

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The whale had been bearish on ETH, given the profit-taking earlier in the week after approval of the Bitcoin spot ETF was confirmed to be false. The whale had anticipated the profit-taking to continue and hence was caught unawares by the sudden recovery in price. Barring the 24-hour price increase, the whale panicked and ended up selling his ETH holding at a lower price than when he bought it, resulting in a loss.The aforementioned ETH holder also made other mistakes that resulted in losses. According to Lookonchain, the ETH whale panicked and exchanged 3,705 stETH for 3,536 ETH, resulting in a loss of 169 ETH.

Dormant ETH tokens have shifted in the last 24 hours. According to a PeckShield alert, a dormant ETH ICO participant who had been inactive for eight years moved over 2,000 ETH out. In progress updates as regards Ethereum ETF, Invesco US and Galaxy have now filed their 19b-4 via CBOE for their spot Ethereum ETF. According to Bloomberg analystTomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.

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