Chinese investment firm Longling Capital has drawn attention once again after selling 5,000 ETH worth $21.56 million, continuing its disciplined approach to profit-taking in the crypto market.
The move was flagged by on-chain analytics firm Lookonchain, which reported the ETH was deposited to an exchange earlier today before being sold. The sale is part of a larger Ethereum strategy the firm has pursued since 2022, involving long holding periods followed by strategic liquidations.
A History of Timed Ethereum Moves
Longling originally acquired 123,405 ETH from Binance at an average of $2,349 per token, a position worth roughly $290 million at the time. Instead of frequent trading, the firm adopted a patient strategy of waiting for favorable price cycles before cashing out.
One of its most notable plays came when Longling offloaded 70,800 ETH at $3,502, a transaction that generated an estimated $184 million profit. Analysts note that the firm’s success stems from its ability to balance long-term holding with timely exits.
Profit-Taking, Not Panic Selling
While a sale of 5,000 ETH might raise eyebrows, analysts believe the market impact is minimal given Ethereum’s liquidity. They view Longling’s activity as structured profit-taking rather than a bearish signal.
By consistently reinvesting gains and maintaining liquidity, the firm has positioned itself to capitalize on future opportunities — a strategy that both institutions and retail investors could learn from. Setting profit targets, avoiding emotional trades, and respecting market cycles are all principles reflected in Longling’s approach.
For Ethereum, the sale is a reminder that even large moves by institutional players don’t necessarily signal weakness, but rather highlight how professional asset managers manage risk and maximize returns in volatile markets.
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Source: https://coindoo.com/chinese-firm-dumps-21m-in-ethereum-heres-why-analysts-arent-worried/