Continue to go long on coin-backed positions, but be careful😬.

Interesting things are happening— that big shot who shorted during the 1011 flash crash has recently made a big move again. 20 minutes ago, he deposited 35,509 ETH into a major exchange, equivalent to $104 million. And that’s not all; he had already deposited 100,000 ETH six days ago.

But from the K-line chart, these large deposits don’t seem to have caused any obvious impact on ETH’s price. Quite interesting— the data is there, but the market reaction remains very calm. Is the deposit just a transition, or has the market become used to such large transfers?

Monitoring the movements of these whale wallets can help you see through some patterns. After all, players dealing in hundreds of millions of dollars are telling a story with every move.