Markets· ★★· bearish·

Whale closes 20,000 ETH long after CPI drop, booking $8.93M profit

  • —Position opened Aug 19 at $1,936 for 20,000 ETH
  • —Closed at $2,421.6 for $8.93M in profit
  • —Peak unrealized gain hit $17.42M when ETH was at $2,800
  • —Exit followed a market drop on US CPI data
Why it matters: Profit-taking by a large ETH long amid the CPI-driven selloff adds to selling pressure near $2,400.
#ETH
Source: PANews
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