Two major whales are building positions in ETH against the trend during the decline, accumulating over 6,400 coins and staking a large amount.

【BiTi】On-chain data monitoring shows that two large whales are quietly accumulating during the ETH downtrend.

A new address first withdrew 2,656 ETH from a major exchange, equivalent to approximately $7.55 million, at a withdrawal price of $2,842.39. Another address’s activity is even more significant — just 4 hours ago, it withdrew 2,008 ETH (about $5.65 million) from an exchange.

What’s more noteworthy is this address’s long-term accumulation strategy. Data shows that over the past 4 months, it has accumulated a total of 6,411.4 ETH from exchanges, worth $24.83 million, with an average withdrawal price of $3,873. Most of these ETH have been transferred to the staking platform Everstake for locking and staking.

In terms of timing, these whales continue to build positions during the price decline and simultaneously deploy staking, which clearly signals a long-term bullish outlook.