🔥 Extreme Whale Detection #bullish With $ETH – A Notable Comeback! 🔥
In just the past 24 hours, a whale wallet has performed a series of strong actions with ETH, showing a clear bullish sentiment. This whale has withdrawn 12,000 ETH with a total value of up to 21 million USD, and has taken the following steps:
1. Withdraw ETH from Bybit exchange to personal wallet.
2. Stake ETH on Layer 2 Blockchain #Mantle and receive mETH.
3. Transfer mETH to #Compound on Mantle to receive cmETH, while earning interest from lending.
4. Finally, transfer cmETH to Bybit exchange for trading and optimizing profits.
Looking back at this Whale's journey:
Observations suggest that prior to March 5, this whale seemed very bullish, continuously staking ETH to optimize profits. However, after March 5, the whale's behavior changed markedly. Specifically:
1. March 5: Whale Unstake 3,802 ETH (equivalent to 8.5 million USD) and deposited to Bybit to distribute before a downturn.
2. March 10: Whale Unstake 10,152 ETH (equivalent to 19 million USD) and continued to deposit to Bybit to distribute, preparing for a significant drop.
These two actions indicate that this whale has extremely sharp timing. However, currently, the return to #staking and participation in activities on Mantle suggests the whale is gradually becoming bullish again with ETH, after a long period of witnessing a declining market.