I noticed that whale address is moving again. A few days ago, I saw that this giant whale “0x0a8” withdrew 9,288 ETH from a major exchange in one batch, which works out to roughly $21.7 million based on current prices. With that, its holdings have reached 27,098 ETH, and its total asset size is already close to more than $63 million.

There are usually two interpretations for this kind of big-holder withdrawal behavior: either they’re bullish on the future and want to hold long term, or they’re preparing for large-scale transactions. Whales that continuously withdraw funds from exchanges are generally more cautious, and this large withdrawal is still worth keeping an eye on.