I saw an important whale make an interesting move recently. According to Ember, this trader bought 20,000 ETH at $2,003 in mid-March and sold it a few days later at $2,045, making around $850k profit. Nothing extraordinary, but it's interesting to see how they operate.

The most striking thing is what this whale is holding in their wallet now. Besides the ETH trade, they are still hodling 600 BTC ( quite seriously considering that today they are around $77.7K), and they also have 10,158 ETH in spot that they bought on March 10. In other words, the whale is not only speculating, but also accumulating long-term.

These types of whale movements are what you need to monitor. When you see someone with that kind of capital buying and holding large positions, it’s a sign of confidence in the market. The whale clearly believes there’s an opportunity here.