#CPIWatch Breaking News! "Brother Maji" just sold 800 ETH! Does he have less confidence in ETH now? (2 Lines long) Onchain Activity Shows last night that the man known as Brother Maji in the community executed an extraordinary transaction by quickly dumping 786 ETH. To put this into context, the ETH is enough for him to buy multiple houses!
The selling of the ETH sent chills down the spine of many. This sudden sell-off has also quickly reduced the amount of ETH held in Brother Maji’s account to 3144 ETH or 9.69M. Moreover, during the time of this reduction, he has exposed his liquidation price of 3042.74, meaning that, if the market continues to decline and further affect the sell-off, it has the potential to hit the liquidation line. This is like making contracts on the edge of a volcano!
4 Crazy theories for what this could mean:
1. Taking all his profit and running! There are analysts who suggest that he may have had a premonition about something and decided to sell nearly 3M worth of ETH while he had an opportunity to do so.
2. Developing a new trading strategy and adjusting his point.
**It’s interesting to note that Brother Maji sold his ETH only 48 hours before the drop of the Bitcoin price!
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