Whale strikes again: $16.95 million snipes 5,678 ETH, is the next wave of market activity brewing?

According to on-chain data monitoring, a mysterious major holder/institution has been highly active recently. Monitoring data shows that this entity purchased 5,678 ETH at an average price of $2,985 in one go, totaling an investment of $16.95 million. Judging by the scale and speed of this operation, it clearly exhibits characteristics of swing trading.

Looking back at this player's trading history is also quite interesting. In early December, this trader invested $14.97 million. Just nine days later, they saw an unrealized profit of $137,000, with a return of 0.92%. Although the percentage isn't large, this steady and rapid profit-taking approach hints at a professional institutional style.

In the era of on-chain transparency, the actions of such major holders often reflect the market's temperature. The $2,985 level seems to have become a key support point—this same entity repeatedly enters and exits here, indicating either technical recognition or a clear institutional allocation strategy. If similar buying signals appear later, it could mean that a larger-scale market movement is in preparation.