The address that started cyclically long on Ethereum in April of this year has reduced its holdings for the first time.
TL;DR
An Ethereum address that had been consistently buying since April sold 10,000 ETH for a $11.92 million profit, reducing its holdings for the first time while still holding a large position in Aave.
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According to Foresight News , monitoring by X user Ai Yi, an address starting with 0xA33 that had been cyclically long on Ethereum since April of this year has reduced its holdings for the first time. This address bought nearly 20,000 ETH on April 23rd and continued to long, bringing its total position to 50,000 ETH.
In the past two hours, this address sold approximately 10,000 Ethereum at an average price of $2,921.35, making a profit of $11.92 million. Currently, this address is still pledging 40,597 WETH on Aave to borrow $39.05 million in assets.