Just broke a shocking news! In the past 8 days, a mysterious wallet has been crazily buying up Ethereum through 10 new addresses, accumulating a total purchase of $1.34 billion worth of Ethereum, totaling 312,052 ETH! Such large-scale buying behavior is extremely rare in the history of cryptocurrency.
What’s even more shocking is the timing of this operation, which was extremely precise. It coincided with Ethereum hitting a 5-year high, with technical indicators just breaking through key resistance levels, and the fundamentals continuously improving at a golden juncture. This is definitely not a coincidence; there must be large players positioning themselves behind the scenes.
From on-chain data analysis, this level of capital and operational techniques is simply unattainable for ordinary retail investors. By dispersing purchases across 10 wallet addresses, it not only avoids excessive impact on the market but also ensures the completion of the accumulation target. This is clearly a professional operation at the institutional level, with risk management done quite effectively.
Market analysts generally believe that this is likely completed through OTC transactions. Large institutions usually choose this method for large trades to avoid causing price fluctuations in the public market. However, what’s special this time is that despite the dispersed strategy, the 8-day time window is relatively concentrated, indicating that the operators have a clear time sensitivity consideration.
It’s important to note that the supply of Ethereum on exchanges has now dropped to an all-time low, and the amount of ETH available for purchase in the market is shrinking. Against this backdrop, the concentrated buying of $1.34 billion further exacerbates the supply-demand imbalance. According to basic economic principles, with tight supply and surging demand, prices can only go in one direction—up!
Such a large inflow of capital will produce a strong demonstration effect. When the market sees such a massive amount of 'smart money' accumulating, it can easily trigger a follow-the-leader effect. Historical experience shows that similar large-scale whale accumulation is often an important signal for price trend reversals, with effects that can last for weeks or even months.
From the perspective of investment psychology, this incident has sent a strong signal to the market: large funds are optimistic about the long-term value of Ethereum. In the crypto market, every move of the whales is closely monitored, and their accumulation behavior is often interpreted as a strong bullish signal for the future market.
What is even more thought-provoking is that this may just be the tip of the iceberg. As traditional financial institutions increasingly accept digital assets, more institutional funds are on the way. This $1.34 billion buying spree may well signal the beginning of large-scale institutional entry. However, a reminder: while whale accumulation is certainly a positive sign, when they start to take profits, the impact can be equally enormous. Stay rational and manage your positions well.