Monitoring data showed that on January 16, the mysterious large holder known as the "BTC OG Insider Whale" made a move again after a month-long pause, adding to its ETH long position. The action was swift and decisive, with an increase of 100,000 ETH in just 10 minutes, pushing the total value of its ETH long holdings to $736 million, with a floating profit reaching approximately $32.5 million.
This move clearly reflects the holder's ongoing confidence in the Ethereum market. Despite the broader crypto market remaining in a phase of consolidation and adjustment, such a significant inflow of capital into ETH long positions has drawn considerable attention across the industry.
Whale Activity Sparks Market Interest
As one of the most influential traders in the market, each move by the "BTC OG Insider Whale" sends ripples through investor sentiment. This ETH accumulation could signal strong confidence in Ethereum's ecosystem and its future potential.
- ETH price movement may find new support
- Market sentiment could see an uptick
- Whale holdings might signal new trends
Going forward, it will be worth watching whether this whale doubles down on ETH or shifts focus to other major cryptocurrencies.