A certain address has recently become active again—this whale, which made over $31.44 million in profits from ETH swing trading in the first half of the year, has re-entered Ethereum positions after two months.

According to on-chain data, this address withdrew 12,000 ETH from a major exchange within the past hour, equivalent to approximately $39.98 million at the time, with an average withdrawal price of $3,331.76. This large withdrawal has attracted considerable attention.

Interestingly, this whale's trading record in 2025 has been quite mixed—earlier in the year, they operated aggressively within the $31.44 million profit range, but between September and October, they seemingly cleared a 30,000 ETH position at a high price of $4,201. This pattern of entering and exiting suggests they are continuously adjusting their market timing. Rebuilding a position of 12,000 ETH this time—are they preparing for a new round of trading strategies? Or are they simply optimistic about the market's future? The market awaits further developments.