8-year-old whale suddenly awakens! 370 million ETH is dumped, the last chance to buy at the bottom before the bull market?
Ethereum big players suddenly made a move! An old player who has been lying for 8 years suddenly moved 97,000 ETH, worth more than 370 million US dollars, which directly woke up the market. This guy usually does not move, and has only made three operations in 8 years. This sudden move may cause a big event.
Key information points:
This person is one of the earliest players of Ethereum and has a lot of goods in his hands. Five years ago, he transferred 47,000 ETH to sell, but ETH rose to its historical high not long after. This is his third big move. He first divided the money into several new wallets and then quickly transferred it to the exchange.
Why is this so important?
Such big players who hoard coins for a long time generally do not move easily. Once they make a move, it often means that the market is about to change. Transferring ETH to the exchange is obviously to prepare for selling, which may indicate that a big market is coming.
History is going to repeat itself?
This is what he did in 2021: first transfer the coins to the exchange, and then sell them when the price goes up. Now the operation is exactly the same, and there may be another big rise.
There are also several new situations worth noting:
Ethereum ETF is about to pass, and big funds may enter the market. Ethereum technology upgrades have a good effect. Now there is more money in the market, and digital currencies are also rising. More and more people hold long-term, and their voice is getting bigger and bigger.
These signs all indicate that a big bull market may start, which just happens to coincide with the operation of this big player.
My opinion:
This is definitely not an ordinary transfer, but a big player is betting on the future. Whether it is to set a new high or a big correction, the market has to be careful. The storm is coming, are you ready?
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