Whale starts reducing positions from a high level: 8,550 ETH sold in batches, strategy adjustment amid unrealized losses

【Blockchain Rhythms】An interesting phenomenon. On December 31, data monitoring shows that a big fish started moving from a high point a week ago.

Specifically, this whale previously accumulated 8,550 ETH at an average cost of $2,991. Now, it is beginning to adjust its position. 10 hours ago, it transferred 3,000 ETH to a major exchange, equivalent to about $8.93 million. At the current price, selling this batch would result in a loss of $43,000.

The remaining part of the position is still held, with 5,550 ETH, and an unrealized loss of $46,000 on paper. Even so, this whale still holds 22,981 ETH in its wallet, indicating a substantial size. From building the position at a high point to starting to reduce it now, this move somewhat reflects the market’s psychological game.