A whale institutional address (0xA9A…14573) withdrew 4,900 ETH from the OKX exchange near the start of ETH’s rebound, worth roughly $9.71 million. The withdrawal was executed at $1,978.82 per ETH, with an unrealized profit of about $457,000. Two days earlier, this address had deposited 14,428 ETH into an exchange at approximately $2,037.43, suggesting potential selling activity.
The combination of a large outflow and prior inflow points to strategic liquidity moves by a major holder. These actions underscore ongoing institutional activity in ETH and the potential for shifting supply dynamics during rebound periods. Market watchers will closely monitor subsequent moves from this address as ETH price action develops.
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