#数字货币市场洞察 Long-standing wallet suddenly moves large amount: 30,000 ETH sold continuously since November

On-chain monitoring shows that an Ethereum address established in 2017 has been very active recently. This wallet, which has held coins for nearly a decade, transferred 30,603 ETH to a major exchange and Galaxy Digital, with an average transaction price of $3,299, involving over $70 million. Interestingly, this address has had historical capital flows with Fengbushi and FBG Capital.

What signals does this veteran player’s move really send?

Don’t rush to conclusions. Large-scale selling doesn’t necessarily indicate a bearish outlook. The motives for long-term holders to cash out now may be varied: rebalancing portfolios, moving to other investment opportunities, or even meeting operational funding needs. In the market, “feints” are common; behind apparent selling pressure, there may be a deeper strategic logic.

How should ordinary investors respond? Here are some practical suggestions:

First, track on-chain real flows and don’t be scared by a single large transfer. Funds moving to an exchange doesn’t mean an immediate dump—could just be for rebalancing or OTC deal preparations.

Second, study the “social networks” of these old wallets. Their counterparties often hint at true capital preferences and industry trends.

Third, maintain independent judgment. When others panic, it’s the best test of your cognitive depth. Panic is the most expensive cost.

The market will always have volatility—what’s lacking is the insight to see through it.