The recent 8% drop in Ethereum's price has led to different reactions from large holders, or "whales." Some whales are withdrawing ETH from exchanges, indicating a hold or accumulation strategy, while others are depositing ETH back into exchanges, potentially preparing to sell. One whale, labeled "0x49e," has accumulated 20,276 ETH at an average price of $2,959 in the past nine days, suggesting a bullish outlook. They have recently withdrawn 8,001 ETH from Binance, possibly to hold for long-term. Another whale, "0x3d4," has deposited 5,000 ETH to Binance and initiated a withdrawal from Lido, indicating a potential sale or reallocation of assets. The different actions of these whales highlight diverging strategies and reflect broader sentiment in the market. The market's direction will continue to be influenced by whale behavior and the actions of large holders.



Other News from Today