Smart money appears to be repositioning.
Over the past 24 hours, on-chain trackers spotted a whale withdrawing $USDC from Coinbase and deploying it into Ethereum at the $2,300 range.
Total position: ~$4.2M.
Interestingly, this comes right after a wave of selling pressure, suggesting dip-buying behavior.
💡 Interpretation:
Whales are accumulating during fear
Market may be preparing for a rebound
Watch closely for a reclaim of $2,380 for bullish confirmation.