The cryptocurrency market surged following Trump's election, with Bitcoin not only breaking 80,000 USD to set a new all-time high, but Ethereum, which had been sluggish for a long time, also performed well. This morning, Ethereum broke through 3,200 USD, reaching a new high in nearly three months. According to CoinGecko data, Ethereum's increase over the past week has approached 30%.
86.7% Win Rate Giant Whale Buying Ethereum
As Ethereum rises sharply, on-chain data analyst @ai_9684xtpa monitors a smart money address with an 86.7% win rate that has started to take action. This address bought 1,699.88 WETH on-chain this morning at an average price of 3,193 USD, worth 5.42 million USD, speculated to be setting up an initial position with plans to increase based on the situation. The 16th swing trade should be on the way.
Arkham data shows that this address currently holds 1,700 WETH, 2.9 ETH, and 28.72 million AETHUSDT, with a total holding value of 34.16 million USD.
@ai_9684xtpa statistics show that this smart money address is extremely skilled at timing market tops, with 13 out of the last 15 swing trades being profitable, giving a win rate of 86.7%, totaling a profit of 5.38 million USD.
Is the future of Ethereum bullish?
Notably, BitMEX founder Arthur Hayes was also found yesterday, suspected of purchasing ETH through Wintermute. He received 1,071.7 ETH from Wintermute, and Arthur Hayes's trades are often conducted through Wintermute.
Recently, Arthur Hayes expressed his views on the prospects of Ethereum and Solana in 2025. When asked how to choose between the two, he stated that he would choose Ethereum, because although Solana has seen significant growth in revenue and trading volume, 'the larger you are, the harder it is to grow at a rate that exceeds the law of large numbers.' With transaction fees decreasing and L2 solutions emerging, Ethereum has significant potential to promote its trading volume growth.
Although Arthur Hayes does not have a specific price target, he expects Ethereum to outperform Solana in the next 12 to 18 months.
Santiment data shows that the trading volume of Ethereum whales is significantly increasing, reaching a new high since August 4. The activities of these whales have helped Ethereum's price reach a recent 14-week high, while Ethereum's trading volume has also risen to 10.4 billion USD in recent days, marking a new high since August 4.
Santiment expects that any growth in Bitcoin during this bull market could redistribute profits to Ethereum and potentially drive Ethereum to a new all-time high, while Ethereum's network activity looks very healthy.
