Over $16 million ETH purchased by major investors within a week

ZenZKPlayer · 2026-01-12T13:43:42+00:00

Recently, large crypto holders have actively engaged in the Ethereum market, with two addresses making a bulk purchase of 5,678 ETH for $16.95 million. This sets the stage for a new swing trading cycle, indicating strategic positioning among institutional players.

ZenZKPlayer

2026-01-12 13:43:42

Abstract generation in progress

One day a week, large crypto holders on the blockchain once again showed active movement. According to a report by on-chain analyst Ai Auntie (@ai_9684xtpa) on December 20, two addresses controlled by the same institution or entity conducted a bulk purchase of 5678 ETH within just 60 minutes. The transaction was completed at an average rate of $2985.7 per token, totaling $16.95 million.

This movement marked the beginning of a new swing trading cycle for the market. Data shows that whale operators continue to use on-chain movements as a strategy to profit from price changes.

Recent Trading History of the Entity

This is not the first time aggressive trading behavior has been observed from this address. From December 3 to December 12, the same entities carried out a swing trading operation starting with an investment of $14.97 million. Ultimately, they gained a net profit of $137,000 from the transaction.

This pattern indicates strategic positioning by institutional players in the ETH market as the price approaches $3.11K.

ETH-1,16%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.