I noticed a new movement from one of the major whales in the Ethereum market! Address 0x65B4, which I previously tracked for activity, reappeared just a few hours ago. This time, it spent about $12.5 million USDC to buy approximately 6,228 ETH at an average price of around $2,007 per coin.



What’s interesting is that this whale had an unsuccessful previous experience. Last October, after the market crash, it injected $32.6 million all at once — buying over 6,000 ETH and a few Bitcoin worth millions. But it sold the assets later in November at a loss exceeding $800,000. Its timing was very poor.

The question that’s on my mind now: Did the whale read the market better this time? Or are we going to witness the same painful scenario again? It seems that whales sometimes rely more on intuition than data!
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