A whale has recently made a big move again. In the past hour, this address withdrew a total of 12,000 ETH from a major exchange, worth approximately $39.98 million. This whale is no ordinary player — it made a profit of over $31.44 million through high-buy, low-sell ETH operations in the second half of 2025, demonstrating a quite strong market timing ability. After two months, this large withdrawal indicates it is starting a new round of accumulation plans. Large transfers out of exchanges usually suggest that the whale is preparing for long-term holding or on-chain deployment, and such actions often reflect institutional-level investors' judgments on the future market.