A long-term holder's recent activity has caught the attention of on-chain analysts. This account accumulated 101,000 ETH five years ago at an average price of $660 from a major exchange and Bitstamp. Fast forward to now, they have begun transferring large amounts to Bitstamp—just in the past 24 hours, they transferred in 40,251 ETH, worth approximately $124 million. The most recent transfer occurred just an hour ago, involving 26,000 ETH, valued at $80.16 million.

The numbers behind this are even more astonishing. This whale has gradually transferred 75,200 ETH into exchanges, with an average price of $3,383, realizing a total profit of $204.9 million. Based on the current holdings, there are still 26,000 ETH remaining in the account that have not been moved.

From long-term holding to gradually realizing profits, the actions of such large holders have always been a market indicator closely watched by participants. Whether institutional or seasoned traders, every transfer by these five-year-old long-term holders could signify a certain market judgment.