Wow, an address that hasn’t bought any coins for two years suddenly went on a shopping spree!
0xd28…7c1e7 has been sitting without moving a single coin for two years. Yesterday it started withdrawing 2.61 million ETHFI from exchanges, and an hour ago it withdrew another 6.91 million. In total, that’s 9.52 million coins, with an average price of $0.734 per transaction, worth $6.99 million. Now it’s up by $217,000 unrealized. All the coins have been withdrawn into a self-custody wallet. A dormant two-year address wakes up and the first thing it does is restock—this isn’t a coincidence.
On the other side, BTC spot demand has been shrinking: CryptoQuant shows that over the past 30 days, spot demand fell by 170,000 BTC. The growth rate of small retail investors’ 30-day demand dropped from +17% to -3.5%. Big money is buying up, while small investors are watching from the sidelines. That’s the truth behind this rally.
Oh, and the MOVR migration ends today. The coin price is already up 51.73%. If you still have old coins, switch them now—if it expires, you won’t be able to claim.
#链上鲸鱼 $ETHFI $BTC $MOVR
0xd28…7c1e7 has been sitting without moving a single coin for two years. Yesterday it started withdrawing 2.61 million ETHFI from exchanges, and an hour ago it withdrew another 6.91 million. In total, that’s 9.52 million coins, with an average price of $0.734 per transaction, worth $6.99 million. Now it’s up by $217,000 unrealized. All the coins have been withdrawn into a self-custody wallet. A dormant two-year address wakes up and the first thing it does is restock—this isn’t a coincidence.
On the other side, BTC spot demand has been shrinking: CryptoQuant shows that over the past 30 days, spot demand fell by 170,000 BTC. The growth rate of small retail investors’ 30-day demand dropped from +17% to -3.5%. Big money is buying up, while small investors are watching from the sidelines. That’s the truth behind this rally.
Oh, and the MOVR migration ends today. The coin price is already up 51.73%. If you still have old coins, switch them now—if it expires, you won’t be able to claim.
#链上鲸鱼 $ETHFI $BTC $MOVR