The ETH whale that had been dormant for 4 years suddenly makes a move: Before locking in 20 times returns, will the market face a bloodbath of volatility?

Sudden on-chain activity has emerged — 51,431 ETH (worth 152 million USD) was concentrated into a new address within half an hour, turning this pile of "ancient chips" that had been dormant for four to five years into the focus of the crypto community.

Upon checking the on-chain records, it was found that these ETH were accumulated between 2019 and 2020, with an average entry price of about 150 USD at that time. Based on the current market conditions, this holding has already yielded a 20-fold profit, and the paper gains alone are enough to be shocking.

Experienced players know that such sudden movements of "ancient positions" that have been stagnant for many years are never trivial. There is a consensus in the community: the gathering of dormant chips often hides two completely different directions —

Either long-term funds are preparing to cash out through market maker channels in batches; if this happens, the short-term selling pressure could trigger severe fluctuations in ETH prices, even causing a sharp drop;

Or the whale is strategically reallocating, possibly transferring chips into a new DeFi ecosystem or laying out plans in other sectors across chains, which may signal the start of a new wave of upward momentum.

Now the entire market is watching the movements of this new address. Is it cashing out or charging forward in a different direction? The next 72 hours are crucial — if the chips start to split and flow to exchanges, caution against selling pressure risks is warranted; if they move into staking pools or cross-chain contracts, it may indicate that large funds are still positioning for a longer-term market.

For ordinary investors, this level of capital movement serves as a mirror: In the crypto market, the true drivers of trends are never short-term emotions but rather the movements of "old money" that have been stagnant for years. Instead of speculating on price fluctuations, it’s more important to focus on — when whales start to act, whether your position can withstand the potential volatility to come. #套利交易策略