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Recently, looking at on-chain data, I saw that a whale bought a pretty large amount of Ethereum at once.
In about 30 minutes, they accumulated 4,093 ETH worth approximately $9.74 million.
At that time, the price was in the mid-$2,300 range per ETH, so it seems like they entered at a pretty good timing.
Lately, there’s been an increasing trend in whale movements, and I think such large-scale accumulation usually signals some market insight.
Especially with a highly liquid asset like Ethereum, moving this much in a short period is quite an aggressive move.
We’ll have to see how the market reacts going forward.