Whale action! 27,000 ETH swept up in 9 days, what is the intention?
On-chain monitoring shows that a whale has recently accelerated the hoarding of Ethereum (ETH). Yesterday, this big account transferred 20 million USDT to Binance, and then withdrew 8,976 ETH (worth $27.85 million) 20 minutes ago. It is worth noting that since November 11, he has withdrawn 27,026 ETH from Binance, with a total investment of up to $85.03 million, and the average price of opening a position is about $3,146.
What is the purpose of this wave of operations? Is it a simple medium- and long-term layout, or an ambush in advance for a certain market trend? The decisive move of the whale may imply that big funds have strong bullish expectations for the future of ETH.
There are always prophets in the market, and the flow of whale funds can often become a trend clue. Keep an eye on the key points and follow the trend or it may be your winning magic weapon! Follow Lao Lin, decipher the tactics of the next whale, and understand the logic behind the market!
