cryptd.in

另类 LinkedIn 适合加密人才

Ethereum OG Nails The Crash: Sells $188M, Buys Back Lower

-

由

cryptd.in
于

Ethereum has reclaimed the $1,650 level after the massive drop that defined last week’s market action — a recovery attempt that has provided some relief after a correction that tested the resolve of even the most conviction-driven holders. The bounce is welcome — but data from Arkham Intelligence has surfaced the trading history of a wallet that made the drop look like exactly what it was: an anticipated event rather than a surprise.

The wallet — identified as belonging to an Ethereum OG, a holder whose history with the asset extends back to the earliest phases of its existence — executed a series of exits before the crash that, in retrospect, represent one of the most precisely timed large-scale risk reductions visible in the on-chain data.

Before the breakdown, the wallet sold 60,000 ETH worth approximately $117.25 million and 9,442 wstETH worth approximately $24 million — both at an average price of $2,040. In the same period, the wallet also sold 600 WBTC worth approximately $47.12 million at an average price of $78,538.

The combined exit totaled approximately $188 million across three separate assets — all executed at prices that now look prescient given where both Ethereum and Bitcoin have traded since. The wallet did not reduce risk after the crash. It reduced risk before it — and the precision of that timing is the detail that makes the Arkham data worth examining in full.

The Trade Executed Perfectly

The Arkham 数据 reveals the second half of the strategy that makes the full sequence remarkable. After exiting approximately $188 million across ETH, wstETH, and WBTC before the crash, the wallet waited — and then rebuilt the entire position at the prices the crash delivered.

On the Bitcoin side, 611 WBTC was repurchased at an average price of $63,280 — compared to the $78,538 average at which the position was sold. The difference between those two prices represents approximately $9,300 per coin captured across 611 tokens — roughly $5.7 million in realized spread on the Bitcoin leg alone.

Ethereum OG Whale timing the market | Source: Arkham

On the Ethereum side, 60,088 ETH and 10,000 wstETH were repurchased at an average price of $1,606 — compared to the $2,040 average at which the combined position was liquidated. The $434 difference per ETH across approximately 70,000 tokens represents roughly $30 million in additional value captured through the round trip.

The complete trade — sell the top, wait through the crash, buy the bottom — executed across three assets simultaneously and totaling nearly $160 million in repurchased exposure, describes a level of market timing and conviction that the on-chain data makes impossible to dismiss as coincidence.

This was not luck. It was a plan — and the Arkham data shows every step of it.

Ethereum Price Tests New Cycle Lows As Breakdown Accelerates

Ethereum remains under intense selling pressure after losing the critical $1,800 support zone and collapsing toward the $1,500–$1,600 range. The daily chart shows a clear bearish market structure, with ETH trading below the 50-day, 100-day, and 200-day moving averages, all of which continue to slope downward. This alignment confirms that momentum remains firmly in favor of sellers despite the recent rebound attempt.

Ethereum loses key support level | Source: ETHUSDT chart on TradingView

The most significant technical development is the decisive breakdown below the February support zone around $1,800–$1,900. That area acted as a major demand region for nearly four months, repeatedly absorbing selling pressure during March, April, and May. Its failure signals that buyers have lost control of one of the most important support levels of the current cycle.

While ETH has managed a modest bounce from the recent low near $1,520, the recovery remains weak relative to the magnitude of the selloff. For bulls, the first challenge is reclaiming $1,800, which now acts as overhead resistance after the breakdown.

As long as Ethereum remains below that former support zone and below its major moving averages, rallies are likely to be viewed as relief bounces rather than trend reversals. The current price structure suggests the market is still searching for a durable bottom after recording its lowest levels since the February capitulation event.

Featured image from ChatGPT, chart from TradingView.com

评论

发表回复

您的邮箱地址不会被公开。 必填项已用 * 标注

最新信息

热门类别

zh_CN 简体中文
zh_CN 简体中文 en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

搜索网站

热门故事

标签

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (458) #BitcoinETF (3) #itcoinFundamentals (1) # 比特币处理 (1) # 比特币价格 (5) # 比特币价格水平 (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #itcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTC 收购 (1) 1TP5 看涨预测 (1) #BullishSentiment (1) #C 中国矿业 (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #ogecoinGains (1) #ogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #El萨尔瓦多比特币 (1) #E以太坊 (74) #EthereumPain (1) #E以太坊价格 (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #F 财务影响 (1) #F 财务隐私 (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) #Investment (1) #InvestmentLoss (1) #JapaneseFirm (1) #L LegalAction (1) #L 法律影响 (1) #Legislation (1) #LightningNetwork (1) #M 市场分析 (3) #M 市场监测 (1) #M 市场预测 (1) #M 市场预测 (1) #M 市场投影 (1) #M 市场支持 (1) #M 市场波动性 (1) #M 婚姻 (1) #MemeCoin (5) #MemeCoins (2) #Miner 盈利能力 (1) #M 洗钱 (2) #MtGox (4) #朝鲜加密货币 (1) #诺沃格拉茨预测 (1) 1TP5价格里程碑 (1) #P 价格预测 (2) 1TP5价格问题 (1) #PriceSurge (1) #PrisonSentence (1) # 量化分析 (1) #R 监管压力 (1) #SECA Anti-Crypto (1) #ShibaInu (6) #SocialBuzz (1) #T 技术分析 (1) #Toncoin (3) #T 龙卷风现金 (3) #T 龙卷风现金发展项目 (1) #T 龙卷风现金开发者 (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XRPPrice (1) #XRPupswing (1)

实用链接

我发现了一些有用的链接，希望与大家分享。