Just detected an interesting on-chain movement. A major exchange transferred out a large amount of ETH 3 hours ago—1614 ETH, worth $5.03 million, with an initial price of $3115.79.
This transfer is quite significant. The wallet address holding over 1600 ETH warrants attention. Large withdrawals from exchanges usually imply two possibilities: either long-term holders are accumulating chips, or institutions are reallocating funds. Considering the quantity and value, the former is more likely.
Recent ETH trends and institutional movements seem to tell the same story—holders are quietly accumulating. Such on-chain signals are quite useful for observing market bottoms and understanding the intentions of major players.
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BearEatsAll
· 12-16 13:11
Is this another on-chain trick? Dropping 1614 coins just to signal a bottom. I'm so tired of this "silent accumulation" rhetoric.
Betting whether this wave is institutional support or retail bottom-fishing.
Wait, could this be the exchange transferring funds again? I always feel like these data are so fake.
Withdrawing over 1600 coins in one go—really bold. What are they trying to do?
Bottom signals are just for reference, don’t take them seriously.
I just want to know how this address will move next. Has anyone been tracking it?
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MEVSandwichMaker
· 12-16 09:24
Pulling out 1600 ETH all at once, this move is indeed impressive.
It's the same "accumulation theory" again; every time there's a large outflow, people say someone is bottom-fishing. Those who believe have probably already made a fortune.
After monitoring and observing, we still have to see how it moves next. Anything said now is just talk.
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NFTHoarder
· 12-16 03:13
It's another play by the big whales accumulating coins. This time, the volume is indeed not small.
Wait, is this really a bullish outlook or just clearing out before a top?
1600 ETH, whether more or less, is significant, but if this is a bottom-fishing opportunity, it's a blood profit.
Monitoring these on-chain data is quite interesting; it feels more real than candlestick charts.
The big whales are rubbing their hands in anticipation; retail investors should be nervous, right?
No dump this time? That’s the most frightening signal.
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GasGuzzler
· 12-14 23:13
Another large withdrawal, this pace feels off...
Do retail investors have this operational space?
Accumulation is accumulation, but I'm just afraid it’s another game of handing over the reins.
Wait, what’s this wallet going to do next? Need to keep an eye on it.
Are institutions really quietly accumulating, or are we all just putting on a show?
I've said it a long time ago, on-chain data rarely lies, it’s just a matter of who can understand it.
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LiquidationKing
· 12-13 13:50
Here we go again, this set of accumulation rhetoric. Every time there's a large withdrawal, they say someone is bottom-fishing. But what about those who previously proposed dumping the market?
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BankruptcyArtist
· 12-13 13:50
Large withdrawals are basically bottoming out. Dropping five million dollars in, this guy must be very bullish on ETH.
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MemeEchoer
· 12-13 13:47
16,000 ETH were silently withdrawn just like that, and I just want to know who's behind this wallet...
Is there really a major player accumulating? Or is it another attempt to harvest profits...
Is this what a bottom feels like? Why am I still losing...
On-chain signals, believing them or not, doesn't really matter.
Big players are accumulating, and I am too. Let's see who breaks first, haha.
5.03 million withdrawn, there must be a story behind it. Just waiting.
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PermabullPete
· 12-13 13:46
It's the same old trick again, big players withdrawing funds = accumulation = bottom signal... We've heard this story half a year ago.
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FloorSweeper
· 12-13 13:39
nah fam, 1600 eth flowing out isn't the signal you think it is... could just be some whale shuffling between their own wallets lol. everyone sees accumulation phase but nobody wants to admit they're watching paint dry
Just detected an interesting on-chain movement. A major exchange transferred out a large amount of ETH 3 hours ago—1614 ETH, worth $5.03 million, with an initial price of $3115.79.
This transfer is quite significant. The wallet address holding over 1600 ETH warrants attention. Large withdrawals from exchanges usually imply two possibilities: either long-term holders are accumulating chips, or institutions are reallocating funds. Considering the quantity and value, the former is more likely.
Recent ETH trends and institutional movements seem to tell the same story—holders are quietly accumulating. Such on-chain signals are quite useful for observing market bottoms and understanding the intentions of major players.