2025-12-29 00:34:30

A recent activity by a well-known whale address has attracted attention. This large holder is using a cyclic lending strategy to go long on ETH, attempting to profit from it. According to on-chain data, the address recently sold another 10,002 ETH in exchange for $29.38 million worth of USDC.

From cumulative data, this whale's actions are quite significant. To date, the address has sold a total of 50,623 ETH, totaling $147.88 million in USDC and USDT. The average transaction price for these trades is around $2,921. Doing the math, this large holder's overall profit is approximately $15 million.

Such large transactions and position adjustments have always been market indicators. Whale operations often reflect market participants' judgments on ETH's future trend and are worth the attention and consideration of ordinary traders.

ETH-0,58%

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AirdropAutomaton

· 1h ago

Whales are starting to cash out again. The 15 million profit looks satisfying, but this cycle of borrowing and lending... needs to be watched closely. Are they really trying to run away by selling so much, or are they just testing the bottom? Who can see through it? 147 million USDC dump, the ones behind will suffer... That's just the market. But speaking of which, an average cost of $2,921 is pretty good. If it were me, I would have already invested everything. When these whales move, the whole market panics. What does that indicate?

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AltcoinTherapist

· 15h ago

15 million USD for this? Feels like this whale is also gambling... Using circular lending to go long, this tactic sounds a bit risky. What if the market moves in the opposite direction? Selling over 50,000 ETH, is this really trying to escape the top or just looking to change chips? Whale movements = a weather vane... Every time it's said, the market moves in the opposite direction. LOL. Everyone says follow the big players, but even the big players are losing money. No one has it easy.

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HappyMinerUncle

· 15h ago

Whales are moving... What does this tell us? A profit of 15 million USD, I’ll never make that in my lifetime. Is this a cycle lending long position? I need to analyze this pattern carefully. Selling ETH again, it seems like the big players are quietly exiting. I really can't understand these on-chain data, anyway I’ll stick to DCA. Whale movements are so big, the bottom should be near? With an average cost of 2921, I, as a newbie, can't hold on. It looks like the big players have already locked in profits, and we’re still sleepwalking.

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ProofOfNothing

· 15h ago

Bro, why is this whale still selling off? Looks like no one is optimistic about the future anymore. A profit of only 15 million dollars, that's a bit disappointing. This cycle lending scheme should have been investigated long ago. Wait, an average of 2921? This price feels... off. They've sold so much but haven't dumped the price. Who's buying the dip? It's a whale and a market indicator again. We retail investors are just the bagholders. Why isn't this big player continuing to buy more? Could they be holding the top? Keep publishing papers, we have to follow the trend too. There's no other way.

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SybilSlayer

· 15h ago

$15 million profit? Come on, that's true hodling. We retail investors can only watch dust settle. --- The borrowing arbitrage trick, whales are really playing hard, but the risks are also high, oh my god. --- Are they dumping again? Or do they think the market is bearish... We need to watch this signal carefully. --- Average entry at 2921, I can't even keep track of the current price, anyway, I lost again. --- Swapped over 5,000 ETH for stablecoins in one go, I'm overwhelmed. --- That's the difference between them and us. We wait for the bottom, and they've already made their profit. --- Circular lending sounds very advanced, I can only foolishly hodl. --- Holding 147 million stablecoins, and now they're about to stir up trouble again.

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SandwichVictim

· 15h ago

15 million USD cash-out, is this really a run or just a wash? This whale's move is really unsustainable, it seems the outlook might not be so optimistic later. Playing such a big game with circular borrowing, don't blame me for not warning about the leverage explosion. Wait, an average of 2921 sells? So is he crying or laughing now? Another whale dumps, should retail investors buy the dip or run away? This rhythm feels off, it seems the big players are quietly exiting. What does 147 million USDC mean? Are they about to dump ETH or waiting for the next opportunity? Just by looking at on-chain data, you can see what the whales are planning. Retail investors are really living in someone else's script.

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CryptoMom

· 15h ago

Oops, another big player is cutting leeks, making a profit of $15 million. How many small retail investors would it take to earn that? Whales are fleeing, and we're still picking up the bags. Feeling a bit exhausted. Selling over 50,000 ETH to exchange for stablecoins. Is this setting a trap for those coming later? Just by looking at this move, you can tell the price will drop later. It’s always like this—big players run first, and only then do we realize. Playing this cycle of lending and borrowing—forget it, I’d rather hold tight. This is why I advise my son not to touch this stuff. It’s too shady. Big players cash out over $100 million, while retail investors are still bottom-fishing. Feeling really stupid now. Bought at $2921, and now how much is it worth? Why didn’t I catch this wave? Whale movements are the best contrarian indicators. Remember that. Wait, is this guy borrowing to go long and selling at the same time? I just don’t understand this move.

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RugDocScientist

· 15h ago

15 million USD, this whale's move is really aggressive, I just watch it happen The cycle lending strategy... high risk, still a bit uncertain Over 50,000 ETH thrown out, is this a top escape or some other crazy move? Average price of $2921? Hey, I think big players might be hinting at something Following whales to eat, either make a big profit or blow up directly, no middle ground They really treat us as a market indicator, but even market indicators can break Borrowed leverage to do this, you need to be very confident in ETH 147 million USDC, is this building a position or clearing out? Hard to see through

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