Longling Capital Liquidates Significant Ethereum Position

Investment firm Longling Capital executed a substantial sell-off of 5,000 ETH on August 19th, resulting in an estimated $21.56 million realized loss as per on-chain analysis platform Lookonchain. TechFlow reports that this transaction follows Longling’s previous swing trading strategy for Ethereum, which has generated roughly $184 million in profits over the past two years.