【Whale Moves! $16.95 million buys 5,678 ETH, is there a new market signal?】

Recently, on-chain monitoring data shows that a mysterious whale/institution just spent $16.95 million to purchase 5,678 ETH at an average cost of $2,985 per ETH. Such a large transaction in the current market environment definitely warrants a closer look.

Speaking of this player, their historical track record cannot be ignored. In early December, they invested $14.97 million in a swing trade, earning $137,000 in just 9 days—an ROI of 0.92%. While this may not seem high, their consistent execution demonstrates a solid grasp of market rhythm.

From on-chain data, several details are particularly interesting:

• The $2,985 level has become a key psychological threshold, with multiple large transactions occurring near this price
• The same entity has been conducting consecutive swing trades, indicating an institutional-level player in terms of style and capital scale
• In an era of transparent on-chain data, such large players’ movements often lead the market

For individual investors, the whale’s buying signals should not be completely ignored, but caution is needed to avoid blindly following swing trading risks. What do you think about this market trend? Share your thoughts in the comments.