I just noticed that a large wallet has withdrawn about $12.4 million worth of ETH from a major exchange. It was a few hours ago, and they purchased 6,114 ETH all at once.



And here's where it gets interesting: all that ETH has been dumped into Aave V3. In other words, they're lending it out to earn yield. When whales show this kind of activity, it might be a sign that something is happening in the DeFi market.

Large fund movements are definitely worth paying attention to. As these kinds of activities increase, the market trends tend to shift as well.
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