ETH/BTC exchange rate rebounded 7.7%! 10 whales withdrew nearly 18,000 Ethereum, while the Trump family's WLF increased their position by $2.5 million.

Last night (20th), the US PCE data was released showing lower than expected results, boosting the market's expectations for the Federal Reserve to cut interest rates in March next year, further driving the cryptocurrency market to stop falling and rebound.

The price of Bitcoin rebounded from yesterday's $92,234 to $97,396 before the deadline, an increase of 5.6%; ETH, on the other hand, surged 11.8% from $3,101.9, currently reported at $3,462.91, with a near 24-hour increase of 1.61%.

World Liberty Financial increased their position by 2.5 million ETH.

One of the reasons for ETH's strong rebound is related to several whales making large purchases. According to Lookonchain monitoring, the Trump family's DeFi project World Liberty Financial (WLF) re-entered the market last night when Ethereum slightly recovered, spending 2.5 million USDC to purchase 759 ETH at an average price of about $3,290.

Currently, WLF has purchased a total of 9,587 ETH at an average price of $3,651, with a current value of approximately $33.2 million, and the unrealized loss has shrunk to $1.8 million.

10 new wallets collectively withdrew over 60 million ETH from Binance.

Additionally, Lookonchain reported that after the market rebound, 10 new wallets withdrew a total of 17,698 ETH from Binance, valued at $61.66 million. This move seems to indicate that whales are optimistic about Ethereum's future trend, buying on dips.

Whales bought 10 million ETH at an average price of $3,459.

At the same time, on-chain analyst Yu Jin monitored that a whale spent 17.1 million DAI to buy 4,943 $ETH through two addresses around 3:30 AM today, at an average price of $3,459 (almost equivalent to the current price).

Yu Jin pointed out that this whale has not made any transactions for a year and a half, with the last transaction being the sale of 3,723 ETH at a price of $1,888 last May, making a profit of $30,000.

The ETH/BTC ratio rebounded nearly 8%.

Driven by multiple whales aggressively accumulating, the rebound of ETH has surpassed that of Bitcoin, with the ETH/BTC exchange rate experiencing a significant rise. It rebounded strongly from yesterday's low of 0.03337 to 0.03594, an increase of 7.7% within less than 9 hours, currently reported at 0.03569.

Whether Ethereum's strong performance can continue still requires ongoing observation.