Ethereum Panic Sell-Off and Buyback Results in $353K Loss Amid Market Volatility
The post Ethereum Panic Sell-Off and Buyback Results in $353K Loss Amid Market Volatility appeared on BitcoinEthereumNews.com.
According to LookIntoChain data reported by COINOTAG News on June 26th, two wallets executed a significant transaction involving Ethereum (ETH). Initially, these wallets liquidated 4,598 ETH for approximately 10.95 million DAI, with the average sell price at $2,383 per ETH. Subsequently, within hours of an ETH price rebound, the same wallets repurchased 4,455 ETH at a higher average price of $2,459 per ETH. This sequence of trades resulted in a realized loss of 142 ETH, equivalent to roughly $353,000. This activity highlights the volatility and rapid price fluctuations in the Ethereum market, emphasizing the risks associated with short-term trading strategies in the crypto space. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your investments with a wide range of coins. Join now! ‘, ‘ 💎 The Easiest Way to Invest in CryptoDont wait to get started. Click now and discover the advantages! ‘ ]; var adplace = document.getElementById(“ads-binance”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex; adplace.innerHTML = adscodesBinance[adsindex]; sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBinance”, sessperindex); } })(); Source: https://en.coinotag.com/breakingnews/ethereum-panic-sell-off-and-buyback-results-in-353k-loss-amid-market-volatility/
