On February 4, according to monitoring by on-chain analyst Ai Auntie (@ai_9684xtpa), a smart money address that previously earned $99.22 million through ETH trading withdrew 750 cbBTC from Coinbase within 8 hours, with a total value of $55.999 million and an average withdrawal price of $74,665.8.
This move suggests that the smart money may be optimistic about BTC’s short-term outlook and has chosen to gradually accumulate positions in the current market environment. Notably, the address previously demonstrated strong market judgment by precisely trading ETH and generating nearly $100 million in profit.
From an investment strategy perspective, the gradual withdrawal and positioning of large assets often indicates the holder’s confidence in the long-term market and may signal preparation for upcoming price volatility. For retail investors, tracking the actions of such smart money can serve as a reference for gauging market trends.