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A smart trader has recently made a big move again. According to on-chain data tracking, this address withdrew a total of 1,139 ETH from a major exchange 10 hours ago, worth $3.5 million. Interestingly, the average price of this withdrawal was $3,071.68.
Why say "again"? Because this smart trader previously made a significant profit through ETH swing trading between December 28, 2024, and January 6, 2025 — totaling $807,000 in profit. Now, two weeks later, they are making another move to build a position, indicating strong confidence in the upcoming market trend.
From the data, the actions of such large holders are often worth paying attention to. Their inflow and outflow patterns usually reflect their judgment of short-term market movements. Does this large withdrawal mean that a new wave of swing trading opportunities is brewing?