Data: A whale sold 10,000 ETH on-chain this morning, incurring a loss of $70,000

According to ChainCatcher's message, on-chain analyst Yu Jin monitored that a whale address primarily engaged in ETH breakout trading (commonly known as chasing highs and cutting losses) bought 11,000 ETH (approximately 18.48 million USD) at an average price of 1,680 USD from September 28 to October 2, with a maximum floating profit of 770,000 USD.

Last night, the market began to decline, and this whale sold 10,000 ETH (approximately 16.74 million USD) at an average price of 1,674 USD early this morning. This investment ended with a loss of 70,000 USD.