Large investors have recently made a big move—an order of 12,166 ETH was just executed, equivalent to approximately $38.09 million. This transaction was completed across multiple channels, involving a leading compliant platform, FalconX, and Cumberland among institutional-level trading counterparties. Judging by the scale and execution method, this is clearly a carefully planned institutional operation. In the current market environment, such large-scale ETH accumulation behavior usually indicates that market participants are optimistic about the value of Ethereum, and it is worth monitoring subsequent holding trends.