A prominent trader with a 91% success rate in the market recently suffered a significant loss after selling 4,973 aEthWETH (worth $12.53 million) at an average price of $2,520, well below the $2,660 entry point.
The position, opened with 4,969 aEthWETH, marks a loss of $696,000 over 12 trades, reducing the trader’s win rate to 83%, with 10 wins out of 12 attempts.
“爷爷，你关注的地址终于更新了！”
09.29 以均价 $2660 建仓 4969 枚 $ETH 的「波段胜率 91% 的聪明钱」正在割肉清仓 —— 过去半小时，他已抛售 4973 枚 aEthWETH（价值 1253 万美金），平均卖出价格 $2520
至此第 12 次波段亏损 69.6 万美金，该聪明钱的胜率下降至 83%，即 12 战 10 胜🚩 https://t.co/8NsVgvAep4 pic.twitter.com/6UaRU7nXRh
— Ai 姨 (@ai_9684xtpa) October 14, 2024
Another significant position linked to the same trader, involving the purchase of 5,117.5 ETH at $2,660 on September 26, remains unsold. This trade alone has a floating loss of $655,000, meaning the trader has only exited half of the position.
嗷，这老哥另外一个地址忘记算了嘻嘻🤪
地址 0xe0B…b3C71 同样在 09.26 以均价 $2660 买入的5117.5 枚 $ETH 还没有卖，所以第 12 次波段只是清了半仓，剩余部分仍然浮亏 65.5 万美金
仍未清仓地址 https://t.co/G0jmE8gLgZ pic.twitter.com/SVC2ecvL6L
— Ai 姨 (@ai_9684xtpa) October 14, 2024
5.84% Ethereum Addresses Looks To Break Even Once Price Crosses $3,000
At present, 5.84% of Ethereum addresses would break even if prices ranged between the current level and $3,000. Despite the recent downturn, some analysts, like Ali Martinez, remain optimistic about Ethereum’s potential. Martinez points out that Ethereum is still trading within a bullish channel, and historically, each bounce off the channel’s lower boundary has led to an average price increase of 130%.
This is our break-even indicator for Ether👇
This tool tracks every $ETH purchase across all addresses and calculates their break-even price.
Currently, 5.84% of ETH addresses are expected to break even with prices between the current level and ~$3,000 pic.twitter.com/qcpOG2gxlr
— IntoTheBlock (@intotheblock) October 14, 2024
If this trend continues, Ethereum could soar to $6,000, provided it holds its key support level at $2,300. However, market sentiment remains cautious, as last week saw the Ethereum spot ETF experience a net outflow of $5.22 million from October 7 to 11, reflecting broader uncertainty in the market.
Every bounce off this channel’s lower boundary has historically led to an average 130% price increase for #Ethereum.
If this pattern holds, a similar move could push $ETH to $6,000—provided the key $2,300 support level stays intact. pic.twitter.com/CFpLrQWEih
— Ali (@ali_charts) October 14, 2024
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
Image Source: fellowneko/ 123RF // Image Effects by Colorcinch
Source: https://nulltx.com/ethereum-smart-money-takes-a-loss-as-market-volatility-hits-could-a-bullish-surge-be-ahead/