Whale 0x121 spent $31.8 million on March 8 to purchase 8230 ETH at an average price of $3864. The purchase was made in three separate transactions:
Transaction 1: 0x1ae98d3ef83eb049f0a7daa512d108bdc0376ba4e5730b724cbf7cc0439d34a4
Transaction 2: 0x18528f9ee049d734a5018b0a8921b91e679aa3312b506c43149de37eff505751
Transaction 3: 0xdce5d0982509658863cd39bb661107e286d453f76f72dea7b4d0f47a818071ef
Address: 0x12199683be663f927fcd0e7ca9b90360613fe206
It is worth noting that in the past, this whale has completed two cycles of ETH transactions and made a total profit of approximately $13.36 million from these two transactions:
- First transaction:
Received a total of 7095 ETH, ultimately from wallet 0x966, which seems to have accumulated these ETH from Wintermute Trading at the end of 2022 when the price was only around $1264.
Sold 7095 ETH at an average price of $2252 on December 8, 2022, and December 22, 2023 (mainly the latter date), for a total of $15.99 million in stablecoins USDT and USDC.
Realized a profit of approximately $7.01 million (+78.1%).
- Second transaction:
Purchased 6131 ETH for $13.845 million in USDT and USDC at an average price of $2258 on January 27, 2024.
Sold all 6131 ETH for $20.19 million in USDC at a price of $3294 on March 5, 2024.
Realized a profit of approximately $6.35 million (+45.9%).
After reviewing this whale's investment process, I am reminded of a very popular saying in the trading market, "Money is earned by waiting."
This statement profoundly reflects the importance of patience, strategic planning, and market understanding for investors in investment and trading.
First, the trading market—whether it is the stock market, bond market, commodity market, or cryptocurrency market—has highly dynamic and unpredictable price movements, influenced by various factors such as economic data, political events, and market sentiment. In such an environment, attempting to chase short-term profits through frequent trading often involves significant risks. Investors should adopt a more cautious and long-term perspective in trading, patiently waiting to capture opportunities and realize profits.
Second, through this whale's operating cycle, it is evident that they have a deep understanding of the importance of market cycles and trends. The market often experiences cyclical fluctuations, including expansion, peak, contraction, and bottom stages. Successful investors are those who can identify these cycles and adopt appropriate strategies at different stages. By waiting, investors can buy undervalued assets during market downturns and sell them when the market rebounds, achieving capital appreciation.
Third, "Money is earned by waiting" also embodies the core principles of value investing. Value investors focus on investing in projects with solid fundamentals that are undervalued by the market, requiring investors to have sufficient patience to wait for the market to reassess the true value of these projects. In this process, time becomes our best friend.
In fact, through this whale's investment cycle, it is not difficult to conclude that successful investment is not just about buying, but also about waiting and selling.
Patience, strategic planning, and a profound understanding of the market are extremely important in trading. In a rapidly changing market, only investors with these qualities can seize real opportunities and achieve long-term asset appreciation.
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