Another major move. A leading exchange's Trend Research wallet just withdrew 13462 ETH, worth approximately $39.31 million, and the speed is really fast.
After the withdrawal, the on-chain ETH holdings of this wallet updated to 626071 ETH, with a total value surpassing $1.83 billion. The most interesting part is—the daily increase in holdings reached 46036.72 ETH, clearly a frantic replenishment.
From the cost perspective, the average holding cost is about $3105.5. At the current price, the unrealized loss amounts to $110 million. Such large-scale position adjustments usually reflect a long-term optimistic attitude from institutions, regardless of short-term price fluctuations—they are desperately trying to lower the average cost.
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MoonBoi42
· 7h ago
Damn, with this pace, are the institutions really bottom-fishing?
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RugResistant
· 12h ago
Large investors are疯狂抄底, is this a signal for us or a trap?
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Floating loss of 110 million still dare to add positions like this, truly impressive, feeling of long-termism
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Over 46,000 coins increased holdings in a single day? I can't even afford one and I'm just watching the show
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I've heard too many times about institutions lowering the average price, and in the end, retail investors still end up holding the bag
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Now smashing the cost basis at 3105, if it rebounds to 4000, the profit would be huge
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Suddenly thought, could such large transactions also affect market expectations?
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Adding to positions, just want to see how the trend develops, but institutions' sense of smell is indeed sharp
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AirdropAutomaton
· 12h ago
Bro, with this move, you're still throwing in 110 million in unrealized losses? Now that's called faith, I gotta admit.
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potentially_notable
· 12h ago
It's the same trick again, institutions are bottom-fishing our retail investors' chips.
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ShibaSunglasses
· 12h ago
No way, are you trying to buy the dip again? This move is really aggressive, throwing in 1.8 billion dollars just like that.
Another major move. A leading exchange's Trend Research wallet just withdrew 13462 ETH, worth approximately $39.31 million, and the speed is really fast.
After the withdrawal, the on-chain ETH holdings of this wallet updated to 626071 ETH, with a total value surpassing $1.83 billion. The most interesting part is—the daily increase in holdings reached 46036.72 ETH, clearly a frantic replenishment.
From the cost perspective, the average holding cost is about $3105.5. At the current price, the unrealized loss amounts to $110 million. Such large-scale position adjustments usually reflect a long-term optimistic attitude from institutions, regardless of short-term price fluctuations—they are desperately trying to lower the average cost.