Whales are hoarding ETH in large quantities, is a short-term 'big move' brewing? 7,661 Ethereum have been secured, with nearly $30 million bet on the line!

On-chain monitoring shows that a certain whale address has engaged in 'textbook' hunting over the past day and a half: 18 hours ago, it deposited 5 million USDT to Binance, and just now withdrew 2,500 ETH from Binance, worth approximately $9,810,000. As of now, this mysterious whale has accumulated a total of 7,661 ETH through Binance in a short time, with a total value nearing $29.87 million, locking in an average withdrawal price of $3,899.

This operation has many highlights: the whale did not directly pump the market but rather built positions precisely in batches, locking in the relative price range of the current market. At first glance, this looks more like a stable medium-to-long-term strategy. However, such a large accumulation in the short term often brings a chain reaction to the market—on one hand, it stimulates bullish confidence, while on the other, it may be an early ambush for some future market catalyst.

The current price of ETH hovers around $3,918, with the whale's average price just $20 away from the current price, giving the impression of a cheetah ready to pounce: once the market turns, this could be the starting point for a short-term explosion.

Whether the whale's strategy works remains to be seen! Follow the hunters and unlock more stories behind the currents on the chain!