Market argues about direction, this whale is simply executing. After a brief pause, the wallet resurfaced again, pulling 3,365.5 ETH from Bybit and OKX just hours ago, worth roughly $10.2 million.

Zoom out a bit and the pattern becomes clearer. Between Dec 5 and Dec 12, this entity has withdrawn a massive 30,210 ETH, buying at an average price near $3,167.

That’s almost $96 million quietly moved off exchanges, suggesting one thing: this isn’t short-term speculation.

What makes it more interesting is what comes next. The main address, 0xCe9d00377Edc72ddFbf0C9e0F007B614E9257C69, didn’t let that $ETH sit idle.

Over 29,103 ETH has already been staked across Spark and Aave, while $41.12 million in USDT was borrowed against it, a classic high-conviction, capital-efficient #ETH play.

ETH

2,945.25

-2.71%