#eth巨鲸增持

To be honest, today's on-chain movements are very interesting:

Retail investors are hesitating about "good news being fully priced in", but whales are crazily "stocking up and locking in".

It mainly depends on these three core signals:

1. Everyone is pocketing (withdrawing coins to accumulate)

In the past couple of days, nearly 500 million dollars worth of ETH has been withdrawn from exchanges.

The logic is simple: if big players want to exit, they would definitely deposit coins into exchanges to prepare for a dump; now, on the contrary, they are withdrawing large amounts of coins to wallets, indicating they do not intend to sell, and are even preparing for a long-term hold.

2. Ancient big players have given a reassurance

The most exciting operation came from an early whale of an ICO that had been dormant for 10 years. This person holds 40,000 ETH (approximately 120 million dollars), and suddenly made a move yesterday.

The market was originally terrified, thinking the ancient whale was going to dump and cash out, but it turned out they immediately threw everything into a staking contract for interest.

This attitude is very clear: "I am not selling; I still plan to hold for several more years."

3. Why buy at this time? (Fusaka effect)

Yesterday, the "Fusaka" upgrade was implemented.

The current logic of big players is: after the upgrade, L2 fees have decreased, and Ethereum's position as a "rental income provider" has become more stable. They are betting on ecological explosion rather than betting on today’s price fluctuations.

Old investors summarize:

At this position (around $3,000), it is clear that big players are picking up the bloody chips thrown away by retail investors.

As long as there are whales withdrawing coins and staking, there is no need to worry too much about a crash. This wave of turnover is actually washing out the weak hands, making the foundation even more solid.