Holding ETH from the bottom has paid off after 3 years of patience, whales realize a profit of $4.24 million

According to PANews reports, on-chain analysis experts tracked the movements of large investors who accumulated ETH at the bottom of the bear market. This whale held positions for 1127 days before realizing significant profits last month.

Strategic ETH Purchase at the Bottom

Transaction history from this wallet (0x3f4…35175) revealed a meticulous purchase plan by the investor. During the bottom phase of the bear market from November 2022 to March 2023, targeting an average price of around $1500, they bought 2962.89 ETH for a total of $4,460,000.

This period was the most vulnerable phase for ETH, with market sentiment at its most pessimistic. Comparing it to the current ETH price of $2970, which might have seemed unimaginable at that time, clearly highlights how accurate the bottom detection was.

Large Liquidation Events Visualized Through Chain Analysis Apps

Interestingly, all of this whale’s transactions were traceable via on-chain analysis apps and block explorers. Two years ago, ETH was transferred to another address (0x828…59D8b), remaining silent for a long period afterward.

Last month, this dormant wallet suddenly resumed activity. Within just two weeks, it sold nearly all of its 2962.89 ETH holdings. Finally, 10 hours ago, it released the last 2040 ETH into the market, completing a full position liquidation.

Nearly 3 Years of Patience Yielded Overwhelming Returns

Through this long-term holding of 1127 days, the investor achieved a profit of $4,245,000. Adding the sale gains to the total purchase amount of $4,460,000 results in approximately $8,690,000.

This case exemplifies how investors who accurately identify market bottoms and exercise long-term patience can achieve substantial returns. It serves as a reminder of the power of strategic bottom accumulation and the compounding effect of time, beyond the noise of short-term trading.