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Well-known wallet address 0x69b...0e37 strikes again. Early this morning, this swing trading expert withdrew 1139 ETH from a major exchange, equivalent to about $3.5 million, with a withdrawal price around $3071.68.
Interestingly, this is not his first move. Looking back to late December, this smart money made a profit of $807,000 through ETH swing trading in just over a week (12.28-01.06). Now, two weeks later, he has started building a position again. Is he sensing new market opportunities behind this?
From the withdrawal rhythm, large holdings moving to self-custody wallets usually indicate that these whale-level players are positioning for long-term holdings or preparing for the next round of trading. ETH's recent volatility has provided a good opportunity for this kind of smart money.