There’s an address whose recent moves could serve as a textbook example.

Let’s talk about the first sell—
When ETH was at $4,574, this guy decisively sold 1,900 ETH, pocketing $8.69 million.

And then?
When the price dropped to $3,061, he turned around and bought back 2,017 ETH.
This time, he only spent $6.17 million.

Let’s do the math:
He ended up with 117 more ETH while spending less money.

How skilled is this operation?
He’s treating market fluctuations like his personal ATM.

Sell high, buy low, making a profit off the price difference.
He nailed the timing perfectly.

While whales are swing trading for arbitrage, retail investors are still hesitating about whether to buy the dip.

That’s how the gap widens.