2025-12-27 01:21:29

#数字资产市场动态 Whale today this morning suddenly pulled out 89,312 ETH from a major Korean exchange, equivalent to $264 million. What does this move indicate? We need to take a closer look.

On-chain data is quite interesting. In the past 7 days, whales have accumulated a total of 220,000 ETH (worth $660 million). There’s also an address that is still holding a position with an unrealized loss of $83 million, but continues to add chips at an average price of $3,130, increasing by 41,767 ETH. The exchange’s ETH reserves have dropped to 16.61 million ETH ($4.89 billion), showing a clear decline over these 7 days.

But there’s an interesting contradiction here.

On December 25th, the net inflow of ETH into exchanges was 7,568 ETH in a single day. What about a few days ago? Both days saw inflows of 154,000 ETH. Calculating this, the exchange reserves actually showed an increasing trend over these 7 days. What the heck?

My understanding boils down to two words: divergence.

On one side are retail investors and short-term traders, who are dumping coins into exchanges, planning to sell. It’s clear that panic sentiment is spreading. On the other side are savvy whales, who are withdrawing coins to hoard, betting on a long-term rise. This opposing operational pattern? It’s often a sign of a bottom. Large investors are spending their own money to buy, while small retail investors want to run.

But don’t get too optimistic either. In the short term, prices will still be impacted by these selling pressures. $ETH is currently at $2,981. Looking downward, there’s an $1.17 billion liquidation order at $2,950. If the price really breaks below that, a chain of liquidations could be triggered. The risk is real.

What’s the operational mindset? Don’t be greedy for quick gains. Instead of chasing high and copying trades, it’s better to stay patient. When $ETH truly drops below $2,900, that’s the time to consider building positions together with whales for more stability. Details determine success or failure; the market often rewards those with patience.

ETH0,23%

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0xSunnyDay

· 17h ago

It's the same "bottom signal" narrative again, I'm tired of hearing it. With retail investors' selling pressure so high, it indicates that panic hasn't fully released yet, so where's the sense of a bottom? But the big whale's recent moves are indeed interesting; I respect those still holding unrealized losses.

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ImaginaryWhale

· 23h ago

Damn, pulling out 89,312 coins in one go? That kind of move is definitely not something retail investors can afford. Whales are accumulating at the bottom, retail investors are fleeing, I've seen this rhythm before... Re-enter below 2900, it's stable. Don't follow the herd and buy the dip to get yourself trapped. This divergence is quite intense, small investors want to sell their coins, large investors are buying the dip, a classic bottom game. Wait, did the exchange reserves really increase? Then why is the data so contradictory... Oh, I see, short-term panic selling is happening, long-term bullish investors are absorbing. I'm just watching the spectacle coldly from the side of the giant whales, waiting for the 2950 level to be broken before making any moves.

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DuskSurfer

· 12-27 01:51

It's the same old theory of division... sounds nice, but when something really happens, no one can escape. It's true that retail investors are panicking, but are those big players really not afraid of breaking through 2950? I think it's doubtful. Wait, they said the average price is 3130, but now it's 2981. Isn't that floating loss? And they still dare to keep piling in? Honestly, at times like this, it's easiest to deceive yourself. Don't end up becoming the bagholder in the end.

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GateUser-a180694b

· 12-27 01:45

Retail investors are about to get cut again this time. Watch out carefully.

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LightningLady

· 12-27 01:42

It's the same "bottom signal" story again—retail investors fleeing, whales accumulating, I've heard it too many times. Waiting until 2900 to buy in? By then, it'll probably have already surged to 3500. With so many liquidation orders, still daring to rush in? Big players really have guts. Pulling out so many coins and then crashing? Whale tactics are just like that. Can the 2950 level really hold? It feels uncertain.

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OldLeekConfession

· 12-27 01:33

Whales are accumulating, retail investors are running, I've seen this script too many times. --- Once again, a divergence market, is it really the end? I still reserve my opinion. --- Still adding positions with an unrealized loss of 8.3 million, this mindset is not common, I need to learn. --- Only start below 2900, it's easy to say, but I ask you, would you dare to buy at that point? --- The liquidation orders are just sitting there, one poke and they explode, the short-term risk is really not small. --- Every time I see this kind of analysis, I just want to laugh. Retail panic selling is just the right buying point? But in the end, they get lessoned by chain liquidations. --- Compared to waiting for the bottom, I’m more afraid of waiting and then it suddenly rises again—that feeling is the worst.

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DataPickledFish

· 12-27 01:32

Whales are accumulating, retail investors are fleeing, this is a bottom signal. Retail investors are pouring coins into exchanges, whales are withdrawing and stockpiling... Just see who is taking the supply. Consider entering below 2900, don't compete with panic sellers. This data looks like a bottom is forming, but don't be fooled, we still have to wait.

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