Bear market bottom fisher clears position after 1127 days: holding 2,963 ETH, harvesting $4.245 million

【Block Rhythm】An experienced holder has caught the attention of on-chain analysts. This individual bought 2,962.89 ETH at the end of 2022, when the price dropped to around $1,500, spending $4.446 million to bottom out. Over more than two years, he held onto it without adding or reducing his position—classic diamond hands.

After switching to a new wallet, he disappeared completely until recently when he started to act. Starting two weeks ago, he began selling in batches, and yesterday (December 18), he fully liquidated his position, with the last 2,040 ETH sold 10 hours ago.

This trade involved holding the position for a total of 1,127 days, with a final profit of $4.245 million. In other words, he rooted himself in despair during the bear market, endured the cold winter, and when the market started to recover, he decisively exited. From any perspective, this operation is textbook-level bottoming and top-topping.

The actions of such major players are always likely to attract market attention—after all, their long holding periods and large quantities often reflect deep market insights. This case adds some discussion points: at this rebound point for Ethereum, someone chose to realize gains.