Traders on X are calling this the dip whales actually want. 👀
Lookonchain flagged fresh wallet 0x4AB7 buying another 3,300 $ETH ($7.41M). Total over the past week: 13,077 ETH, about $29.95M, including 9,777 ETH withdrawn from Binance in five days.
Why it matters: spot whales are accumulating while ETH ETFs just logged a sixth straight week of outflows, $365.3M (The Block / SoSoValue). One wallet's $30M does not cancel a $365M weekly bleed, but it shows not all big money is heading for the exit while fear and greed sits at 25, Extreme Fear.
What to watch: whether more fresh wallets follow 0x4AB7 off exchanges, and whether ETH holds $2,200 into the weekend.
Whale buying or bull trap, which side are you on? 🐂🐻
Not financial advice. DYOR.
#crypto #Ethereum
Lookonchain flagged fresh wallet 0x4AB7 buying another 3,300 $ETH ($7.41M). Total over the past week: 13,077 ETH, about $29.95M, including 9,777 ETH withdrawn from Binance in five days.
Why it matters: spot whales are accumulating while ETH ETFs just logged a sixth straight week of outflows, $365.3M (The Block / SoSoValue). One wallet's $30M does not cancel a $365M weekly bleed, but it shows not all big money is heading for the exit while fear and greed sits at 25, Extreme Fear.
What to watch: whether more fresh wallets follow 0x4AB7 off exchanges, and whether ETH holds $2,200 into the weekend.
Whale buying or bull trap, which side are you on? 🐂🐻
Not financial advice. DYOR.
#crypto #Ethereum
