Just detected an interesting on-chain movement. A major exchange transferred out a large amount of ETH 3 hours ago—1614 ETH, worth $5.03 million, with an initial price of $3115.79.



This transfer is quite significant. The wallet address holding over 1600 ETH warrants attention. Large withdrawals from exchanges usually imply two possibilities: either long-term holders are accumulating chips, or institutions are reallocating funds. Considering the quantity and value, the former is more likely.

Recent ETH trends and institutional movements seem to tell the same story—holders are quietly accumulating. Such on-chain signals are quite useful for observing market bottoms and understanding the intentions of major players.
ETH-0.47%
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LiquidationKingvip
· 12-13 13:50
Here we go again, this set of accumulation rhetoric. Every time there's a large withdrawal, they say someone is bottom-fishing. But what about those who previously proposed dumping the market?
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BankruptcyArtistvip
· 12-13 13:50
Large withdrawals are basically bottoming out. Dropping five million dollars in, this guy must be very bullish on ETH.
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MemeEchoervip
· 12-13 13:47
16,000 ETH were silently withdrawn just like that, and I just want to know who's behind this wallet... Is there really a major player accumulating? Or is it another attempt to harvest profits... Is this what a bottom feels like? Why am I still losing... On-chain signals, believing them or not, doesn't really matter. Big players are accumulating, and I am too. Let's see who breaks first, haha. 5.03 million withdrawn, there must be a story behind it. Just waiting.
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PermabullPetevip
· 12-13 13:46
It's the same old trick again, big players withdrawing funds = accumulation = bottom signal... We've heard this story half a year ago.
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FloorSweepervip
· 12-13 13:39
nah fam, 1600 eth flowing out isn't the signal you think it is... could just be some whale shuffling between their own wallets lol. everyone sees accumulation phase but nobody wants to admit they're watching paint dry
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