Blockchain monitoring data revealed on January 24 that a major ETH holder, previously seen selling all holdings on January 22, has re-entered the market with a new trading wave.
The data shows that this wallet, identified as 0x565…11e55, purchased 3,947.97 ETH 9 hours ago at an average price of $2,991.91 per ETH, totaling approximately $11.91 million.
At the time of writing, the position is currently showing an unrealized loss of about $135,000, highlighting the impact of short-term market volatility on entry prices.
Wave Trading Strategy Analysis
Looking at the trading pattern, this whale appears to be executing a buy-low-sell-high approach, aiming to accumulate more ETH during price swings. Although currently at a slight loss, this strategy may help accumulate more ETH over the medium to long term if consistently applied.
- Purchase Time: January 24, 9 hours ago
- Average Price: $2,991.91
- Amount Purchased: 3,947.97 ETH
- Current PnL: -$135,000