On-chain data shows that a whale is suspected of continuously accumulating ETH. Yesterday, he transferred 20 million USDT to the exchange, and then withdrew 8,976 ETH about 20 minutes ago, worth approximately 27.85 million USD.
What's more noteworthy is that this whale has withdrawn a total of 27,026 ETH from the exchange in the past 9 days (since November 11), with a total value of up to 85.03 million USD, at an average entry price of 3,146 USD.
📈 Key point interpretation: The concentrated buying by the whale may indicate a strong bullish expectation for the future of ETH, which could influence market sentiment and attract more capital attention. Retail investors should be cautious of market volatility while also paying attention to the potential driving force of this trend on ETH prices.
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