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I just noticed an interesting movement in the Ethereum market! A well-known whale with the wallet address 0x65B4 has resumed activity after a previous unsuccessful attempt. About 14 hours ago, they spent around $12.5 million in USDC to buy approximately 6,228 ETH at an average price close to $2,007.
What’s fascinating is that I remembered what happened with this whale before. Last October, when the market crashed, this whale entered strongly with $32.6 million, buying 6,206 ETH for about $22.6 million and 92 cbBTC for $10 million. But the trade wasn’t successful — they sold later in November, losing around $829,000.
Now, the whale is trying again with large amounts. The question on my mind is: Did they read the market correctly this time? Or are we about to see another round of losses? Only time will tell!