On-chain large capital movements: Multiple whale addresses show unusual activity, an ancient address awakens and transfers 120 million USD ETH.

[Block Rhythm] Yesterday, several waves of significant capital movements appeared on-chain again,整理下给大家看看.

First, let's talk about the “1011 insider whale”. Yesterday, he opened a 5x ETH short position, directly pouring in 15 million USD (5000 ETH), with an entry price of 3001.81 USD. However, this guy didn't hold the position for long and closed it in the early morning, finally exiting at 2989.85 USD, making a profit of 55,000 USD. The liquidation price was set at 5056 USD, indicating that he was trading short-term fluctuations.

Huang Licheng's actions are even more aggressive. He increased his long position on Ethereum by 25 times to 28.6 million USD, with an opening price of 2981.59 USD and a liquidation line at 2885.75—this distance is a bit risky. Additionally, he holds a long position of 880,000 USD in HYPE, with a cost price of 34.411 USD.

There is an address that previously lost a lot of money in contracts and later switched to spot trading, which has now increased its holdings by 1000 ETH. Currently, this address holds 7066 ETH, valued at 21.22 million USD based on market price, and additionally has 4.78 million USDC untouched. Given this situation, it is likely that they will continue to buy in the future.

HyperLiquid has new developments as well. The team recently released 2.6 million HYPE (approximately 91 million USD) from staking, and as a result, 854,000 HYPE were staked back, leaving 1.745 million transferred to 29 new wallets. Currently, 609,100 HYPE (21.3 million USD) have flowed from 10 of those wallets to Flowdesk—likely through OTC channels.

This morning, an Ethereum ICO address “0x2dCA” that had been dormant for over 10 years suddenly awakened. First, it transferred 5 ETH as a test, and then moved the remaining 39,995 ETH, which is roughly 119.4 million USD at current prices. This address spent 12,400 USD during the ICO to buy 40,000 ETH, resulting in a profit multiplier of about 9,639 times—truly a diamond hand.

There is also an ancient whale from 2016, whose holding cost is ridiculously low, only 203.22 USD. In the past month, it is suspected that 7,000 ETH were sold through Wintermute at an average price of 3,024 USD, if it really sold, it could earn 19.745 million. This morning, it charged another 1,000 ETH (worth 3.01 million) into Wintermute, and currently holds 26,992.67 ETH, with a total value of around 80.99 million USD.

Finally, a new address associated with Bitmine, the first holding institution of Ethereum, received 16,693 ETH from FalconX this morning, worth 50.1 million USD. Transactions of this magnitude are generally not simple operations.

The actions of these large holders can somewhat reflect market sentiment.