This year, the smart money address that decisively went long at the bottom area of $ETH $1729 finally started to reduce positions and take profits. The timeline is very straightforward: On April 23, he bought 19,973 ETH on-chain at once, worth $34.54 million at the time. Then he continued to leverage through cyclic loans, pushing his ETH long position close to 50,000 coins. During this period, #ETH rose from $1700 to $4700, without selling a single coin, incredibly steady. Until today, this guy finally let go. In the past 2 hours, he sold 9,999.95 ETH at an average price of $2921.35, pocketing a total profit of $11.92 million in one go—a typical "deleveraging + locking in gains," rather than emotional panic selling. More importantly— He did not fully clear his position. Currently, he still collateralizes 40,597 WETH on Aave, borrowing about $39.05 million, indicating that his main position is still there, just reducing risk and drawdown space. This is the biggest difference between smart money and retail investors: Dare to hold heavy at the bottom Not shaken out by fluctuations midway Don’t fight at high levels, but also don’t clear everything in one go Always handle leverage first, then discuss the direction It’s not about being bearish, it’s about surviving first. This level of position management truly deserves one word—patience. 🥷 #ETH #SmartMoney #鲸鱼动向 #DeFi
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Ninja-level operation, truly a ninja. 🥷
This year, the smart money address that decisively went long at the bottom area of $ETH $1729 finally started to reduce positions and take profits.
The timeline is very straightforward:
On April 23, he bought 19,973 ETH on-chain at once, worth $34.54 million at the time. Then he continued to leverage through cyclic loans, pushing his ETH long position close to 50,000 coins.
During this period, #ETH rose from $1700 to $4700, without selling a single coin, incredibly steady.
Until today, this guy finally let go.
In the past 2 hours, he sold 9,999.95 ETH at an average price of $2921.35, pocketing a total profit of $11.92 million in one go—a typical "deleveraging + locking in gains," rather than emotional panic selling.
More importantly—
He did not fully clear his position.
Currently, he still collateralizes 40,597 WETH on Aave, borrowing about $39.05 million, indicating that his main position is still there, just reducing risk and drawdown space.
This is the biggest difference between smart money and retail investors:
Dare to hold heavy at the bottom
Not shaken out by fluctuations midway
Don’t fight at high levels, but also don’t clear everything in one go
Always handle leverage first, then discuss the direction
It’s not about being bearish, it’s about surviving first.
This level of position management truly deserves one word—patience. 🥷
#ETH #SmartMoney #鲸鱼动向 #DeFi