On January 19, a highly active Ethereum-focused address executed a strategic sell-off ahead of a broader market pullback, demonstrating exceptional timing in its trading behavior.
Selling at the Top to Avoid Downside
The entity offloaded 10,000 ETH at an average price of $3,321 per coin, generating over $33 million in proceeds. The move allowed it to secure gains before ETH entered a correction phase.
Disciplined Buy-Low, Sell-High Approach
The tokens were originally acquired 11 days prior at $3,170 each, following an unsuccessful long position attempt in Bitcoin futures. This pivot to ETH and timely exit reflects strong adaptability and market awareness.
- Purchase price: $3,170 per ETH
- Sale price: $3,321 per ETH
- Profit per coin: $151
- Total gain: ~$1.51 million
The transaction underscores the tactical precision of large-scale players in navigating crypto markets, offering a real-world example of effective capital rotation and exit discipline.