Blockchain analysts have observed a newly registered wallet withdrawing 2,884 ETH worth $9.57 million from Binance. This significant outflow comes shortly after the release of the latest consumer price index (CPI) report, indicating a rotation in the market towards accumulation. The wallet had previously received a small deposit and this large withdrawal, both from Binance. The transaction occurred when the price of Ethereum was around $3,334, demonstrating investor confidence in the asset. This strategic accumulation suggests that the wallet holder believes in potential price increases or is diversifying their portfolio in relation to traditional financial markets. This withdrawal follows a similar large transaction from another newly created wallet the day before. These actions indicate the involvement of big players, potentially institutional investors, taking advantage of current market conditions to accumulate more of the asset. This accumulation trend contributes to the bullish sentiment in the crypto market, with the CPI data strengthening inflation fears and maintaining Ethereum's value as a decentralized investment asset.



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