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20 USDT
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Another large withdrawal of funds from a major exchange! An increase of 46,036.72 ETH in a single day. Is this a frantic replenishment to lower the cost basis?
According to on-chain data monitoring, a transfer of 13,462 ETH (approximately $39.31 million) has flowed out of the exchange. The target wallet has now accumulated a total of 626,071 ETH, with a total value surpassing $1.83 billion. Interestingly, the average cost basis of this holding is around ~$3105.5, with an unrealized loss of about $110 million at current prices.
The average cost basis and current floating loss of large holdings are becoming the focus of on-chain investors. Is this replenishment pace aimed at lowering costs in anticipation of a rebound, or is there a deeper intention? The market is watching.