ETH Whale Sells 20,600 ETH for $96.55M at ~$4,687, Realizes $26M Profit — On-Chain Data Signals Major Profit-Taking | Flash News Detail | Blockchain.News
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8/15/2025 2:02:24 AM

ETH Whale Sells 20,600 ETH for $96.55M at ~$4,687, Realizes $26M Profit — On-Chain Data Signals Major Profit-Taking

ETH Whale Sells 20,600 ETH for $96.55M at ~$4,687, Realizes $26M Profit — On-Chain Data Signals Major Profit-Taking

According to Lookonchain, a whale sold 20,600 ETH for approximately $96.55 million at an average price near $4,687 over the past two days (source: Lookonchain on X, Aug 15, 2025). The same 20,600 ETH were accumulated about nine months ago around $3,409, translating to more than $26 million in realized profit on exit (source: Lookonchain on X, Aug 15, 2025). At the trough, the position was down roughly $40 million before recovering and being closed for profit, as detailed by the on-chain tracker (source: Lookonchain on X, Aug 15, 2025). The source post provides the wallet address reference for verification of the transactions (source: Lookonchain on X, Aug 15, 2025).

Source

Analysis

In the dynamic world of cryptocurrency trading, a significant Ethereum whale transaction has caught the attention of market participants, highlighting the potential rewards of strategic holding amid volatility. According to blockchain analytics expert Lookonchain, a prominent whale recently sold 20,600 ETH, valued at approximately $96.55 million, at an average price of around $4,687 per ETH over the past two days as of August 15, 2025. This move locked in a substantial profit of over $26 million for the investor. The ETH was originally acquired nine months ago at about $3,409 per token, a price point near the market peak at that time, which initially left the whale down by roughly $40 million during subsequent price dips. However, by maintaining a firm hold through the market's ups and downs, the investor turned the position into a victorious trade, demonstrating the power of patience in crypto investing.

Ethereum Whale Activity and Market Implications

This whale's selling activity provides valuable insights for traders monitoring Ethereum's price movements and on-chain metrics. The transaction involved distributing the 20,600 ETH across multiple addresses or exchanges, potentially to minimize market impact, though exact details on trading volumes during the sale weren't specified. At the time of purchase nine months prior, ETH was trading near its local high, and the subsequent bearish phase tested the whale's resolve, with prices dipping significantly and causing unrealized losses of about $40 million. Fast-forward to the sale at $4,687, and we see a clear example of how Ethereum's price recovery can reward long-term holders. For active traders, this underscores key support and resistance levels: the $3,409 buy-in point acted as a historical support during recoveries, while the $4,687 sell-off zone could now serve as a short-term resistance if ETH faces downward pressure. Without real-time data, current sentiment suggests that such large sells might contribute to temporary selling pressure, but Ethereum's broader ecosystem, including upgrades and institutional interest, continues to drive positive momentum.

Trading Opportunities in ETH Amid Whale Movements

From a trading perspective, analyzing this whale's strategy reveals opportunities in spotting similar patterns through on-chain data. Tools like those used by Lookonchain allow traders to track large wallet movements, which often precede price shifts. For instance, if ETH approaches the $4,687 level again, it could present a selling opportunity for short-term traders anticipating resistance, or a buying dip for those betting on a breakthrough toward higher targets like $5,000. Historical data shows that whale accumulations at dips around $3,000-$3,500 have often led to rallies, as seen in multiple cycles. Trading volumes during such events are crucial; high volume sells like this one, totaling over $96 million, can spike volatility, creating entry points for scalpers or swing traders. Moreover, correlations with Bitcoin (BTC) are evident—ETH often follows BTC's lead, so monitoring BTC's price action around $60,000-$70,000 could inform ETH trades. Institutional flows, such as those from ETFs, have bolstered ETH's resilience, suggesting that dips below $4,000 might be buying opportunities, especially if on-chain metrics show reduced selling pressure from whales.

Beyond the immediate trade, this event ties into broader market sentiment, where AI-driven analytics are increasingly used to predict whale behaviors, potentially influencing AI-related tokens like FET or AGIX. Traders should watch for increased trading pairs activity, such as ETH/USDT on major exchanges, where 24-hour volumes often exceed billions during volatile periods. The whale's profit of $26 million on a $70 million initial investment (calculated from 20,600 ETH at $3,409) yields about a 37% return in nine months, outperforming many traditional assets. However, risks remain: sudden sells can trigger cascading liquidations, emphasizing the need for stop-loss orders around key levels like $4,200 support. For stock market correlations, Ethereum's performance often mirrors tech-heavy indices like the Nasdaq, where AI and blockchain integrations drive sentiment—rising Nasdaq could propel ETH higher, offering cross-market trading strategies. Ultimately, this whale's victory serves as a reminder to combine technical analysis with on-chain insights for informed decisions, potentially leading to profitable trades in the ever-evolving crypto landscape.

In summary, while this specific sale highlights successful holding strategies, traders must remain vigilant. Incorporating real-time indicators, such as RSI levels above 70 signaling overbought conditions at $4,687, or MACD crossovers for momentum shifts, can enhance trading setups. With Ethereum's market cap hovering in the hundreds of billions, such whale activities ripple through the ecosystem, affecting liquidity and price discovery. By focusing on verified data and avoiding impulsive moves, investors can navigate these opportunities, turning market narratives like this into actionable insights.

Lookonchain

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