Withdrew 5,965 $ETH in 20 minutes—the whale’s $14.89 million position-building move was incredibly aggressive.
Spot $ETH is trading at 2,497, right around his average withdrawal price of 2,496.95. It’s up just 0.53% in 24 hours, with virtually no market reaction. He transferred a similar amount of USDC to a new address, likely to continue buying in batches.
For a bullish signal, look for a surge in volume and a break above the 2,500 level; only a sustained hold above it would provide upward momentum. If price breaks below the 2,480 support, this position could likely stay underwater for a while.
Would you follow the whale and buy the dip, or wait on the sidelines until the direction is clearer? Reply 1 to follow, 2 to wait.
#Write2Earn #BinanceSquare #ETH Whale activity #TradingTournament
Spot $ETH is trading at 2,497, right around his average withdrawal price of 2,496.95. It’s up just 0.53% in 24 hours, with virtually no market reaction. He transferred a similar amount of USDC to a new address, likely to continue buying in batches.
For a bullish signal, look for a surge in volume and a break above the 2,500 level; only a sustained hold above it would provide upward momentum. If price breaks below the 2,480 support, this position could likely stay underwater for a while.
Would you follow the whale and buy the dip, or wait on the sidelines until the direction is clearer? Reply 1 to follow, 2 to wait.
#Write2Earn #BinanceSquare #ETH Whale activity #TradingTournament