Ethereum whale transfers 97,000 ETH, a terrifying signal on the eve of a surge?

A dormant Ethereum whale that has been inactive for 8 years suddenly makes a big move, transferring 97,000 ETH, worth over $370 million, instantly igniting market attention. There have only been three major operations in the past 8 years, and this time may signal a violent shake-up is coming.

Key Insights:

This whale has been accumulating assets since the early days of Ethereum.

Five years ago, it transferred 47,000 ETH and sold off, immediately followed by Ethereum reaching its historical peak in 2021.

This is the third major action, dispersing a large amount of ETH into new wallets, then quickly injecting it into exchanges.

Why is it important?

Whales that hold long-term do not easily act, and their movements often indicate market direction. Transferring ETH to exchanges means preparing to sell in batches, which may herald a bull market or significant market fluctuations.

A shadow of 2021 reappears?

This operation is strikingly similar to that of 2021: the whale positions itself on exchanges, waiting for prices to climb, and then sells at the peak. The market may witness another strong rebound.

New variables heighten expectations:

Ethereum ETFs are about to be launched, and market funding expectations are rising.

The technical upgrades for Ethereum are clearly beneficial.

Improved macro liquidity is driving a rebound in digital assets.

Long-term holders continue to increase their holdings, solidifying their dominant position.

These signals point to a possible medium-to-long-term bull market, highly compatible with whale actions.

Conclusion:

This is not just an ordinary transfer, but a whale's bet on the future of the market. Whether it leads to new highs or serves as a prelude to adjustments, the market should be wary of the impending storm. Are you ready?