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A certain Wallet Address completed a large transaction of 2 million USD in ETH.

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[Coin World] The market has just captured a significant movement - a certain wallet Address has just completed a large ETH transaction.

The transaction price is fixed at 3177.25 USDT, which is right in the recent fluctuation range. The trading volume reached 629.48 ETH, totaling a value of over 2 million US dollars.

A single transaction of this magnitude usually indicates that institutional-level funds are adjusting their positions. As for whether it's building a position or reducing it? From the price point of view, the position at 3177 is neither considered a high nor a low, more like a routine liquidity operation.

However, speaking of which, a single transaction at the level of 2 million is indeed worth paying attention to the subsequent trend.

ETH1.38%
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MoonWaterDropletsvip
· 9h ago
$2 million just moved like this, what are the institutions doing? Are the institutions testing the bottom? I don't quite understand this level at 3177. It's another liquidity operation, unclear who is playing people for suckers. Is it real trading or a whipsaw? This kind of volume makes me a bit anxious. Waiting to see how it goes next, feels like something is about to happen.
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GasOptimizervip
· 9h ago
The position at 3177 really doesn’t have much alpha; it mainly depends on whether there will be any follow-up orders...
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Token_Sherpavip
· 9h ago
2M on a midline price point? classic liquidity theater, honestly.
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MentalWealthHarvestervip
· 9h ago
A move of 2 million dollars, who is so ruthless? What tricks are the institutions playing this time... The price level of 3177 is indeed a bit awkward, neither high nor low. Is this wave going to be dumping? Or is it secretly building a position? Let's wait and see what happens next, it feels like things are about to get turbulent. Again with this "worth following" statement, it's just nonsense. Isn't it just the large investors moving their positions? Don't make it so mysterious. I bet 5 bucks that this order is the institution whipsawing.
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