Seeing whales sell off, I actually get excited—because the true market turning point signals are often hidden in these irrational actions.

At 3 a.m., I saw a whale movement and almost jumped out of my chair. Data shows that a certain ETH whale bought 8,550 ETH a week ago at an average price of $2,991, but ten hours ago, it transferred 3,000 ETH to a major exchange in preparation to sell. This move resulted in a direct loss of $43,000, with the remaining 5,550 ETH still showing an unrealized loss of $46,000.

Strangely, during the same period, other whales were疯狂囤货. According to on-chain data, a whale holding 66,000 ETH increased its holdings by 40,975 ETH in the past day, with a total purchase volume since November 4th reaching 569,000 ETH, worth nearly $1.7 billion.

Meanwhile, Bitmine, under Tom Lee, increased its ETH holdings by 67,886 ETH in the past 24 hours, currently controlling about 3.37% of the total ETH supply. An extreme scenario is unfolding: one side is selling at a loss, while the other is accumulating at all costs.

Having navigated the crypto market for years, I see a key signal: when whales diverge, the market is often at an important turning point.

**Who is the real "smart money" in whale battles?**

Current Ethereum market data speaks volumes—70% of derivatives positions are net long, and the ETH supply on exchanges has fallen back to the lowest level since September 2024. What does this mean? It suggests that the market may be brewing a new direction.