A swing smart money player has made another major move recently. According to on-chain data tracking, this address withdrew 1,139 ETH from a leading exchange in a single transaction 10 hours ago, with a total value of $3.5 million. Interestingly, the average price of this withdrawal was $3,071.68.
Why "another" move? Because this smart money player previously made significant profits through ETH swing trading between December 28, 2024, and January 6, 2025—earning a profit of $807,000. Now, two weeks later, they're positioning again, suggesting this trader remains very confident about the subsequent market trend.
Based on the data, the movements of such large holders are often worth paying attention to. Their entry and exit patterns typically reflect their judgments on short-term market movements. Does this large withdrawal suggest that a new swing trading opportunity is brewing?
A swing smart money player has made another major move recently. According to on-chain data tracking, this address withdrew 1,139 ETH from a leading exchange in a single transaction 10 hours ago, with a total value of $3.5 million. Interestingly, the average price of this withdrawal was $3,071.68.
Why "another" move? Because this smart money player previously made significant profits through ETH swing trading between December 28, 2024, and January 6, 2025—earning a profit of $807,000. Now, two weeks later, they're positioning again, suggesting this trader remains very confident about the subsequent market trend.
Based on the data, the movements of such large holders are often worth paying attention to. Their entry and exit patterns typically reflect their judgments on short-term market movements. Does this large withdrawal suggest that a new swing trading opportunity is brewing?