Longling Capital Sells 5,000 Ethereum Amid Market Sell-Off

Highlights:

• Longling Capital sold 5,000 ETH worth $21.56 million, continuing its strategic Ethereum trading.
• The firm earned $184 million in profit over two years by buying lows and selling highs.
• ETH remains bullish with record institutional inflows and strong technical setup support.

Chinese investment firm Longling Capital has once again attracted attention in the crypto market after executing a major Ethereum (ETH) sale. Lookonchain, using data from Arkham, reported that Longling Capital sold an additional 5,000 ETH worth $21.56 million on August 18 at 15:39 (UTC). Over the past two years, the investment firm has consistently pursued this strategy. Lookonchain noted that Longling Capital demonstrates exceptional skill in buying Ethereum at its lowest points and selling at its peaks, generating $184 million in profits from this approach.

Longling Capital sold another 5,000 $ETH($21.56M) today to take profits.

They are good at swing trading $ETH — buying low and selling high.

Over the past 2 years, they withdrew 123,405 $ETH($290M) from #Binance at an average price of $2,349, then deposited 70,800 $ETH($248M)… pic.twitter.com/rVyq7CgQY3

— Lookonchain (@lookonchain) August 19, 2025

Longling Capital’s Ethereum Moves Yield $184 Million Profit Through Strategic Buys and Sells

Over the past two years, the company pulled 123,405 ETH valued at $290 million from Binance, averaging $2,349 per coin. Simultaneously, they redeposited 70,800 ETH valued at $248 million at an average price of $3,502, resulting in a total $184 million gain. One recent example shows Longling Capital accumulating 54,005 ETH between December and the March lows near $1,840. They then began selling after the price rebounded in May and continued doing so until yesterday.

Lookonchain’s analysis highlights that these actions, carried out with thoughtful planning, represent more than just short-term profit-taking. Instead, they demonstrate the sophistication and disciplined nature of Longling Capital’s Ethereum strategy. Other Ethereum holders are selling as prices drop. After 355 days of inactivity, whale wallet “0x7378” resumed activity, selling 18,782 ETH worth $80.32 million. To date, it has offloaded 8,575 ETH ($37 million) and continues to hold 10,209 ETH ($43.32 million). The whale bought the full amount for $47.4 million last year, earning $32.9 million profit.

Last week, a whale moved its Ethereum after staying inactive for 10 years. It gained $1.5 million, buying the Ether in 2015 for only $103.

💤 A dormant pre-mine address containing 334 #ETH (1,500,133 USD) has just been activated after 10.1 years (worth 103 USD in 2015)!https://t.co/kNs9VDZ3At

— Whale Alert (@whale_alert) August 16, 2025

ETH Holds Bullish Outlook Despite Price Drop

Meanwhile, Ethereum dropped another 1% today, trading at $4,284 at the time of reporting. The cryptocurrency has retreated over 12% from last week’s peak of $4,793. Meanwhile, Ether’s overall outlook remains strongly bullish. This positive trend is driven by record institutional inflows and a supportive technical setup. Over the past week, US-listed spot Ether ETFs recorded nearly 649,000 ETH in net inflows, setting a new all-time weekly record.

Market analysts are growing more optimistic about Ether’s performance compared to Bitcoin. Eric Balchunas, senior ETF analyst at Bloomberg, noted that Ether ETFs pushed Bitcoin to become the “second best” crypto asset in July. This performance earned the category the title of ETF of the Month following record investor demand. 

Ether ETFs Turn Bitcoin Into 'Second Best' Crypto Asset in July.. new from @SirYappityyapp and myself who awarded Ether ETFs as our ETF of the month for July. Normally we just pick one but the whole category caught fire pic.twitter.com/o9yql2hDHM

— Eric Balchunas (@EricBalchunas) August 18, 2025

From a technical standpoint, experts point to Ether’s multi-year bullish pennant, a “sleeper setup” getting ready to break out. Trader Merlijn observes that smart money has stepped in on every dip, while weaker hands were forced out during past consolidation periods. ETH’s long-term outlook expects a decline to the $3,000–$3,500 range. Afterward, it could rally past $8,000, potentially starting a new chapter in Ether’s price history.

ETHEREUM’S SLEEPER SETUP IS ALIVE.

Massive bullish pennant stretching across years of consolidation.

Smart money absorbed every dip.
Weak hands got flushed.

The breakout won’t stop at $8K.
It’s the start of a new chapter in $ETH history. pic.twitter.com/BhqXM6EbjZ

— Merlijn The Trader (@MerlijnTrader) August 18, 2025