$ETH just got swept by the whales again.
Not small positions.
Two new wallets are in play.
Close to 100 million dollars.
Smells a lot like Bitmine 🐋
Just now, two new whale accounts,
withdrwaled a total of about 94.6 million dollars' worth of ETH from Kraken.
Isn't this an ordinary withdrawal?
On the surface, it looks like a coin withdrawal,
but the timing is crucial.
The buy and sell patterns of these two addresses
are very similar to the operations we observed from Bitmine before.
In other words, the market is starting to wonder:
Could this be Tom Lee continuing to stack ETH?
If that's the case, this line is getting heavier.
Bitmine has been continuously buying and staking,
and now it seems like they're still accumulating through new wallets.
This strategy is very familiar:
Not making a big noise,
not showing their cards all at once,
but slowly accumulating through different addresses and batches.
The worst part is,
once ETH is withdrawn,
the selling pressure in exchanges will decrease.
In the short term, it may not spike immediately,
but the supply will get tighter.
Right now, what's most worth watching in the ETH game
isn't the retail sentiment,
but whether these big wallets are still in accumulation mode.
Do you think this wave is really Tom Lee adding to his position, or is the market over-analyzing again?👀
$ETH $LAB
#特朗普暂停“自由计划” #TomLee