The giant whale is scooping up the dip again.
On August 11, according to Onchain Lens monitoring, an Ethereum whale once again withdrew 50,000 ETH from Binance, worth approximately $93.6 million. As of now, the address has cumulatively withdrawn 90,000 ETH, with a total value of about $170 million, of which 40,000 have been used for staking.
This brings to mind Jiang Zhuo’er’s recent prediction. Jiang Zhuo’er, the founder of the Lebit mining pool, combined the previous three Bitcoin bull-bear cycles and predicted that the bottom of this bear market would appear around October 31, corresponding to a BTC price of roughly $44,016. He had earlier judged that the bottom would form sometime between October and December, with a price range of $42,000 to $44,000. On August 6, he further refined it to specific dates and prices.
On one side, a giant whale is continuously accumulating large amounts of ETH. On the other, an “old miner” pinpoints the bottom down to the date. When big money adds positions against the trend as prices fall, the market often views it as a signal.
On October 31, there will be a little more than two months left. Then we’ll see whether Jiang Zhuo’er’s forecast proves accurate—or whether the whale actually scooped up the true bottom.
$ETH $BTC
On August 11, according to Onchain Lens monitoring, an Ethereum whale once again withdrew 50,000 ETH from Binance, worth approximately $93.6 million. As of now, the address has cumulatively withdrawn 90,000 ETH, with a total value of about $170 million, of which 40,000 have been used for staking.
This brings to mind Jiang Zhuo’er’s recent prediction. Jiang Zhuo’er, the founder of the Lebit mining pool, combined the previous three Bitcoin bull-bear cycles and predicted that the bottom of this bear market would appear around October 31, corresponding to a BTC price of roughly $44,016. He had earlier judged that the bottom would form sometime between October and December, with a price range of $42,000 to $44,000. On August 6, he further refined it to specific dates and prices.
On one side, a giant whale is continuously accumulating large amounts of ETH. On the other, an “old miner” pinpoints the bottom down to the date. When big money adds positions against the trend as prices fall, the market often views it as a signal.
On October 31, there will be a little more than two months left. Then we’ll see whether Jiang Zhuo’er’s forecast proves accurate—or whether the whale actually scooped up the true bottom.
$ETH $BTC