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Here we go again. This Ethereum whale has made another large move in just three days—1 hour ago, they withdrew 5,500 ETH from a major exchange, worth approximately $16.09 million.
Since December 5th, this whale has withdrawn a total of over 34,415 ETH from exchanges, with a total value exceeding $107 million. Based on an average cost of $3,131.11, this individual is currently showing an unrealized loss of $7.162 million.
What is the mindset behind this series of actions? Faith? Or self-rescue at a low point? Data shows that continuous withdrawals indicate that the whale is not pessimistic about the future market. Their posture suggests accumulating on dips. It remains to be seen whether Ethereum can break through its current difficulties and give this whale investor an explanation.