Amidst the market's lament, some are quietly taking action. Five brand new wallet addresses withdrew 173654 ETH from FalconX within 16 hours, worth over $700 million. This is not an ordinary withdrawal; it is an organized and premeditated large-scale capital transfer.
FalconX is not an ordinary exchange; it serves institutional clients. Such a large-scale withdrawal must be operated by a large entity behind it. Interestingly, they choose to act during market panic, when everyone is selling, they are accumulating.
Five addresses collaborating likely aim to diversify risk. $700 million is not a small sum; even for institutions, it is a significant amount. They are clearly confident in the long-term value of Ethereum; otherwise, they wouldn't be buying in large quantities at this time.
This reminds me of Buffett's famous saying: Be greedy when others are fearful. When retail investors are panicking and selling off, the real big players are accumulating positions. History is always remarkably similar; every time the market hits bottom, it is accompanied by a large outflow of funds from the exchange
