Whale sweeps ETH in 24 hours: 70 million USDT accumulated, holding over $1.9 billion in position size

2026-01-21 00:48:09

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【Blockchain Rhythm】A major cryptocurrency asset management firm has been active in the past 24 hours. According to on-chain data monitoring, the firm deposited 70 million USDT into a leading exchange, then made a large purchase of 24,555 ETH and transferred it on-chain, with a transaction volume of $75.54 million. This move clearly aims to leverage market volatility to lower the holding cost.

Data shows that the firm currently holds 651,300 ETH, with a total value of approximately $1.92 billion, and an average cost basis of about $3,180. Due to recent pressure on Ethereum’s price, the unrealized loss on paper is about $163 million. This additional purchase also reflects the institution’s optimistic mid-term outlook on ETH at the current price level.

ETH-6.46%

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ReverseTradingGuru

· 3h ago

Big whales are bottom fishing, I’m familiar with this rhythm --- 1.63 billion in unrealized losses and still dare to keep sweeping, really rich and reckless --- Here we go again, how many times can this trick fool retail investors into taking the bait? --- Wait, average cost 3180... this guy entered too early --- Institutions are all increasing their positions, can I make money by shorting in the opposite direction? Haha --- Look at this move, definitely confident in the medium term --- The question is, when will the whales dump? Just waiting for this moment --- Lower the cost? Isn’t it just taking advantage of us cutting losses to buy cheap? --- 65 million ETH, how much liquidity does that need to control?

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HalfBuddhaMoney

· 3h ago

Whales are bottom fishing, while we retail investors are still buying at the top haha

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TopBuyerForever

· 3h ago

Damn, this move is really aggressive. I also want to buy the dip, but I have no funds left.

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MetaverseHobo

· 3h ago

Big whales are accumulating at the dip. With a floating loss of 163 million, they still dare to continue buying. It seems they are indeed optimistic about this wave.

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BearMarketLightning

· 3h ago

Whales are buying the dip again. These institutions really see our retail investors' anxiety as a money-making opportunity. With such big moves, they must indeed be confident.

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