Ethereum whales awaken: Revealing bottom-fishing operations in a plummeting market, astonishing returns of tens of millions of dollars!

Previously inactive Ethereum whales have resumed activity and made significant moves amid a sharp decline in the cryptocurrency market.

According to Spotonchain monitoring, a dormant whale that has been inactive for two years recently became active again, withdrawing 5,580 ETH from Coinbase in just a few hours, valued at approximately 13.76 million dollars. Generally speaking, large deposits on exchanges signal selling, while significant withdrawals indicate that whales are quietly accumulating assets. It is noteworthy that this whale is already an experienced ETH investor, having made over 31 million dollars in profit from September 2020 to March 2022.

Coincidentally, another whale that has accumulated profits of 25.8 million dollars also seized the opportunity presented by this market downturn to bottom-fish, withdrawing 3,600 ETH (approximately 884 thousand dollars) from Binance to increase their holdings at a low price.

Recently, the cryptocurrency market has shown weakness, with Bitcoin falling to around 40,000 dollars, and Ethereum dropping by 1.25% to a current price of 2,484 dollars. Meanwhile, the whales are precisely seizing this discount window, quietly accumulating assets, and tens of millions of dollars in profits are gradually flowing back. #BTC #sol #sei #Manta #ETH

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