Whale 0xa339: From Loss to Profit, An 8-Month Journey Holding 50K ETH

[Whale 0xa339 leveraging ETH through loop loans] Back in April, due to ETH's price drop, they sold 30,894 ETH at a $40M loss to avoid liquidation. Once the price stabilized, they bought back 19,973 ETH at $1,740 each, averaging a holding cost of $2,545 for 50K ETH. After holding for 8 months, 4 hours ago, they sold 10K ETH at $2,915 each ($29.15M), realizing a $3.7M profit. https://(debank.com)/profile/0xa339d279e0a3a9ede11eceac2ec9529eebdae12c They still hold 40.6K ETH ($119M) with an unrealized profit of $15M. However, it’s still not enough to cover the losses from their April sell-off. ---------------------------------------------------------｜Bitget VIP, lower fees, crazier perks