On-chain data shows that a giant whale is suspected to be continuously accumulating ETH. Yesterday, he transferred 20 million USDT to the exchange, and then 20 minutes later withdrew 8,976 ETH, valued at approximately 27.85 million USD.
What's more noteworthy is that this whale has withdrawn a total of 27,026 ETH from the exchange over the past 9 days (since November 11), with a total value of up to 85.03 million USD, and an average entry price of 3,146 USD.
📈 Key Point Interpretation: The concentrated buying by this whale may indicate a strong bullish outlook on ETH's future, potentially affecting market sentiment and attracting more capital attention. Retail investors should be cautious of market volatility while also monitoring the potential driving force of this trend on ETH prices.
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