【Blockchain Rhythm】According to on-chain monitoring data, a trader has been continuously buying a certain cryptocurrency over the past 7 hours, with a total investment of $210,700. The average cost basis for this position is $0.18419, and the trader has not yet reduced their position.
From the current market performance, the total value of this transaction has reached $321,200, with an unrealized profit of $110,500, an increase of over 52%.
This kind of large-scale buying and quick profit-taking behavior in the short term often attracts market participants’ attention. Whether it is institutional investors optimistic about the fundamentals of this coin or retail traders following the trend, they may take corresponding actions after such data is released. It is worth noting that these whale-level trading movements often have a certain impact on the short-term trend of the coin.
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Trader sweeps $210,000 of a certain cryptocurrency in 7 hours, with unrealized gains exceeding 52%
【Blockchain Rhythm】According to on-chain monitoring data, a trader has been continuously buying a certain cryptocurrency over the past 7 hours, with a total investment of $210,700. The average cost basis for this position is $0.18419, and the trader has not yet reduced their position.
From the current market performance, the total value of this transaction has reached $321,200, with an unrealized profit of $110,500, an increase of over 52%.
This kind of large-scale buying and quick profit-taking behavior in the short term often attracts market participants’ attention. Whether it is institutional investors optimistic about the fundamentals of this coin or retail traders following the trend, they may take corresponding actions after such data is released. It is worth noting that these whale-level trading movements often have a certain impact on the short-term trend of the coin.