Whale suddenly turns against: from massive buying to panic selling, $12.44 million ETH position instantly halved

【Blockchain Rhythm】When the market drops, the previously aggressive whale who kept adding positions can no longer sit still. According to on-chain data tracking, the wallet address 0x3c9E, known for “buying the dip and selling the rally,” panic-sold during the market decline, selling 4,000 ETH at a price of $3,110 in one go, cashing out approximately $12.44 million.

How big is this contrast? Looking back just one week earlier makes it clear—since January 9th, this whale has been continuously buying ETH, increasing its holdings all the way. Even just 11 hours before the sell-off, it was still adding to its position. Over the entire accumulation period, it invested a total of $39.44 million, with an average cost of $3,233, and bought a total of 12,200 ETH.

The rapid shift from “buy every day” to “sell everything in one day” shows how quickly market sentiment can change. While this whale’s trading logic may be prone to chasing rallies and panic selling, in reverse, its movements are an effective indicator of market sentiment—once it starts panicking, it often signals that market pressure is indeed emerging.