While you are still debating whether to take profits on ETH, someone quietly poured 310 million USD into the market — this is not just a display of wealth by an ordinary tycoon, but a signal flare in the covert battle of the crypto market. In just three days, an anonymous whale bought 314 million USD worth of ETH, and their unrealized gains have now soared to 17.88 million. But what’s truly alarming is not the scale of this money, but the capital ambition it reveals.
Analyzing the on-chain data, this whale's operations are ruthless: the timing is more precise than a Swiss watch. The entry point was perfectly timed at a critical juncture where ETH was in a tug-of-war between bulls and bears, using real money to instill confidence in the market. What’s even more concerning is the 330 million holding size, which is substantial enough to shake the ETH liquidity pool. In the short term, follow-up funds will definitely come rushing in, and the upward momentum could be amplified; but in the long run, this pile of chips is like the sword of Damocles hanging overhead; once market sentiment reverses, the impact of a sell-off could be released geometrically.
The current crypto market is undergoing a narrative reconstruction, and the whale's choice to act at this juncture is no coincidence. On the technical front, the Cancun upgrade provides support, the Layer 2 ecosystem is expanding continuously, and the deflationary model and ecological moat of ETH remain strong; on the macro front, the BTC ETF surge combined with expectations of Federal Reserve rate cuts means funds are looking for new value vacuums everywhere. And the whale knows human nature best: during a price surge, they exploit retail investors' FOMO psychology, and during a price drop, they harvest panic emotions. This is a script that never ends in the crypto world.
My judgment is: this operation resembles a medium-term layout, but the possibility of short-term harvesting cannot be ruled out. The whale will likely take advantage of the tailwind from the Cancun upgrade to drive prices higher, but they won’t wait until everyone reacts before acting.
The survival guide for retail investors is three words: don't get too excited. If ETH really breaks through, don’t rush to chase; the whale might cash out at any moment; if there's a short-term pullback, don’t panic and sell at a loss, as they still need retail investors to take over to complete the cycle. The key is to closely monitor the whale's wallet address—whether they are continuing to accumulate or starting to distribute in batches; this is the core of trend judgment.
Want to know this whale’s past trading methods? Follow my profile, and I’ll take you deep into its trading trajectory tomorrow.
