Whale Movement Tracking: Acquired 19,992 ETH in January, now a large sell-off signal?
On-chain data shows that a whale has been accumulating 19,992 ETH since January 2024 at an average price of $2,550. Three hours ago, this address deposited 2,700 ETH (approximately $10.56 million) to Binance, which could yield an astonishing unrealized profit of $3.67 million if sold entirely. Nevertheless, this whale still holds 13,162 ETH, worth nearly $51.6 million, indicating its substantial position.
Behind the whale's capital movements, there may be key signals regarding market direction. Is it a short-term profit-taking peak? Or is it building momentum for the next wave of market activity? Currently, market sentiment for ETH remains high, but the actions of whales often suggest that a quiet storm is brewing.
The investment market is like a battlefield; understanding the game rules of whales is the true path to winning. Follow Mr. Lin to navigate through the fog and see the opportunities clearly!