The ETH wave profit is approximately $93 million. Recently, a whale has once again bottomed out with 25,000 ETH at an average price of $3,304

According to crypto analyst Ember (@EmberCN), a whale or institution that has accumulated profits of approximately $93.74 million through ETH swing trading has recently significantly increased its position during the ETH pullback.

In the past two days, it transferred USDC to platforms such as Coinbase, Wintermute, and FalconX, and then withdrew about 25,004 ETH (approximately $82.6 million), with an average purchase price of around $3,304. Ember pointed out that this address typically holds assets for a short period, starting to sell in batches whenever ETH rises by a couple of hundred dollars, making it difficult to be trapped during a downtrend. However, it often misses out on larger gains due to early selling. For example, it previously bought over 100,000 ETH when the price was around $2,500, clearing out at an average price of less than $3,000, while ETH later surged to over $4,000.