The Ethereum (ETH) market has witnessed a new movement from one of the "whales". According to blockchain tracking data, this whale, referred to as "ETH Millionaire", first executed a profit-taking transaction, selling 30,000 Ether at a high price of $4,202 per unit. This deal secured a massive net profit exceeding $35.4 million.
In a subsequent move, the whale returned and made a huge purchase. They bought 18,000 Ether again, with a total purchase value of $63.65 million.
This type of large-scale repurchase after a decline is a classic indicator of a "buy the dip" strategy.
Source: Cointelegraph
