Whale address 0xa339 completed a large-scale ETH liquidation operation in just 13 days. The latest update is that the last 10,000 ETH (worth $29.37 million) was also sold off three hours ago.

The results of this operation are quite impressive—5.06 million ETH, totaling $147 million, with an average price of $2,921, and a profit of $19.02 million. Breaking it down, the average purchase cost of these ETH was $2,545, with the biggest profit coming from 20,000 tokens bought at the bottom—purchased when the price dropped to $1,740 in April last year.

From building the position to liquidation, this major holder used a cycle loan long strategy to seize the market opportunity, demonstrating precise control over market timing throughout the process.