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The Ethereum market is once again experiencing a large transfer. A massive on-chain address recently withdrew 12,000 ETH from a leading exchange, with a single transaction amounting to $39.98 million. According to on-chain data monitoring, this whale account currently holds a total of 80,980 ETH, with a total value surpassing $269.46 million.
From the trading pattern, this accumulation is not an isolated event. Large holders actively withdrawing coins from exchanges usually indicate medium to long-term optimism or are planning asset allocation adjustments. Currently, with ETH hovering around $20,000, the actions of institutional whales often serve as a market sentiment indicator. Continuous on-chain outflows and large holder accumulation are worth close observation by traders.