Mysterious giant whale makes a strong bottom fishing! 60 million USD gamble on Ethereum rebound

On-chain data tracking platform Lookonchain reveals a major move — the long-silent whale player "0x89Da" suddenly returns to the battlefield with 96 million USDC, buying up 15,353 Ethereum all at once, amounting to 65.6 million USD at current prices. This is not a small play; it clearly indicates that a big player is betting on a subsequent market surge!

Looking closely, this transaction is particularly interesting. This address chose to act during a market fluctuation period, with a single transaction amount reaching eight-digit USD levels, clearly indicating a willingness to spend without regard to cost to grab the chips. It's worth noting that Ethereum is currently hovering around 4,200 USD, and this entry point has rebounded nearly 15% from the recent lows. To make such a large purchase at this position, one either has insider information or believes that the pullback has already hit the bottom.

What is even more intriguing is that this whale used only stablecoin USDC, indicating that it has been preparing to buy the dip. Now, on-chain whales are frequently taking action, and suddenly pouring heavy funds into the market at this critical moment might mean that some exciting developments are ahead. However, ordinary retail investors should be cautious; after all, when a whale sneezes, the market shakes, and following the trend carries significant risks. $ETH