2026-01-20 12:01:28

A recent operation by a certain research institution is quite interesting. In the afternoon, they deposited 20 million USDT into an exchange, and just 15 minutes ago, they withdrew 9939 ETH from a major exchange. This withdrawal is worth approximately $3.04 million.

According to on-chain data tracking, this institution has now accumulated 636,717.65 ETH, with an average cost basis of around $3105.46. The unrealized profit has already exceeded $636,000.

This series of actions clearly indicates ongoing accumulation. They first replenish cash liquidity, then make large withdrawals for cold storage—typical institutional hoarding behavior. Such major moves in the market are worth paying attention to—after all, the actions of these whales often reflect the deeper logic of the market.

ETH-5,93%

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SchrodingerWallet

· 3h ago

Coming with this again? Depositing and withdrawing coins for cold storage, what is the whale hinting at? This move by the institution is indeed interesting, that cost basis at $3105 is really impressive. 636717 ETH? Wow, how much is that worth? If you could make money just by watching whale movements, I would have been rich long ago haha. Cold storage means optimistic about the future market, want to jump on board? With a floating profit of over 630,000, they dare to do this, us small investors should be much more cautious. This rhythm is definitely waiting for the right moment to come.

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ChainBrain

· 3h ago

Oh no, this wave of momentum is quite something. Just deposit and withdraw, definitely absorbing the chips. --- Still playing with a floating profit of 630,000. How optimistic does that make you? --- Don’t tell me about deep logic, it’s just bottom fishing. --- I just want to know when it will take profits, don’t let there be another crash. --- 636,717 ETH? Are you crazy? How long are you planning to hold onto this? --- Institutions are acting frequently, retail investors are still cutting losses, and they’re just standing there. --- A cost basis of 3105? It’s already doubled, why are they still adding positions? --- Every time I see such large withdrawals, I get nervous, feeling that risk is coming. --- When will on-chain data ever deceive people? This time, I have to follow the bottom. --- It’s that same whale logic again; retail investors are just being harvested.

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WalletDivorcer

· 3h ago

Damn, this rhythm, USDT comes in and immediately withdraws funds. What is this hinting at? Can the institutions really sense something we can't see? I always feel like retail investors are the ones getting cut. Holding onto a floating profit of 630,000 just like that, no one else has this mindset. First, let's see if this wave will set the tone. Anyway, I have to keep a close eye on the whale's movements. USDT was just deposited and then immediately swapped for ETH. That move is really ruthless.

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ForkItAllDay

· 3h ago

This whale is playing chess, the deposit and withdrawal coordination is so smooth. It's that time again to watch institutions perform their currency dumping dance, cold wallets are rapidly accumulating funds. A floating profit of $636,000, this move is really not a joke. The accumulation posture is fully prepared, and us retail investors can only follow the trend and copy. Once a big move appears on the chain, the market starts to have rhythm, this game is quite interesting. Why does there always seem to be a story behind every time institutions do this? This operational rhythm, just by looking at it, you can tell it's an experienced hand.

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VitaliksTwin

· 3h ago

This whale is playing chess, and the pace of depositing and withdrawing coins is extremely slow. Institutions are bottom-fishing while I'm still hesitating, a typical retail investor problem. It's easy to talk about a floating profit of 630,000, but my account is in the negative. It's better to watch the show than to follow the whale, but the problem is, where do I get the capital? This tactic is too obvious; cold storage is just the last meal before a dump.

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NftRegretMachine

· 3h ago

This whale's rhythm is perfect—deposit and withdraw, afraid we can't see what they're doing. Institutions are疯狂吸筹 (siphoning funds), no more pretending, moving directly to cold wallets. 636k ETH? That number is a bit scary... Judging by this scale, there are still plays ahead; the main funds are in the dark. Floating profit of $636,000 but still adding positions, indicating they are not afraid at all. Calculating the average cost is just over 3100; I was caught at a high point myself. Whales have awakened, retail investors should sleep. This is the reality of information asymmetry—while we look at on-chain data, they have already finished their moves.

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