Bottom-buying whales achieve a $4.24 million big win with over 3 years of holding; full details revealed through on-chain analysis

As traders utilizing on-chain analysis apps pay close attention, a certain whale wallet has achieved enormous profits from strategic bottom-buying during the bear market era. According to a report by PANews on December 18, on-chain analysis expert @ai_9684xtpa revealed that a large wallet that bought ETH at the bottom during the bearish market completed its position liquidation over the past two weeks, securing a return of $4,245,000 after holding for an ultra-long-term period of 1,127 days.

Bottom-Price Strategy During the Bear Market Comes to Fruition

This wallet address 0x3f4…35175 purchased 2,962.89 ETH at an average price of $1,500 during the bear market phase from November 17, 2022, to March 12, 2023, at what was then considered a bottom-level price. The total investment of $4,446,000 was a decision made during a period when many traders were gripped by fear.

Liquidation Completed After Nearly 3 Years of Holding

After acquisition, this ETH was transferred to address 0x828…59D8b two years ago and remained dormant for a long period. However, it recently showed activity, initiating a large-scale sell-off over the past two weeks. About 10 hours ago, the final 2,040 ETH were sold, nearly completing the liquidation of the entire position. Throughout this incredible holding period of 1,127 days, this whale patiently waited for the market to recover.

Price Difference from Initial Purchase Creates Profit

Looking at the subsequent market trend tracked by the on-chain analysis app, the ETH purchased around $1,500 now shows a significant price difference compared to today’s ETH price of approximately $3,030. This price gap has been the backdrop for generating such substantial profits. The decision to buy at the bottom and the long-term holding attitude unaffected by market psychology have contributed to these results.