Whale $H restructured its portfolio to take $71 million in profit. Is the current price of H the peak?
On chain data just recorded a classic profit-taking move from a major whale wallet transferring nearly 50 million H tokens to exchanges to realize massive profits despite the price drop from the peak
š¹ By selling just over 3% of total holdings this whale cashed out $2.9 million raising the total realized profit to a staggering $71.38 million affirming the position of a veteran investor buying bottom selling top
šø The Funding Rate on dropped deep to a record negative -0.29% showing short sellers are extremely aggressive and willing to pay exorbitant fees to bet on further price declines in the short term
š¹ $H token price is undergoing a roller coaster ride rising 15% to $0.057 then immediately being suppressed by selling pressure reflecting fierce struggle between whale profit taking and retail bottom fishing
šø A large wallet significantly reducing holdings and moving tokens to exchanges is a warning signal about potential supply pressure remaining huge and investors need to be extremely cautious before investing
Do you assess this profit taking action as wise or selling early before $H explodes?
This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.