Whale 0xcB9 Secures $5.18M Profit by Timing ETH Short Before Price Drop

According to LookIntoChain analytics reported by COINOTAG News on June 6th, a prominent whale identified as 0xcB9 strategically liquidated a long position ahead of the recent ETH price correction. This timely move allowed the investor to mitigate losses and pivot to a short position, capitalizing on the market downturn. Over the last fortnight, this trader has realized gains totaling approximately $5.18 million in Ethereum trading. Such activity underscores the significance of monitoring whale behavior for market participants seeking to anticipate price volatility in the crypto space.

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