Is the dip switch activated during the market correction? Large purchase of dormant Ethereum wallets
According to blockchain analysis, an interesting market signal has emerged. Three wallets that had been inactive for four years are highly likely to be operated by the same entity, indicating a serious buying spree during the Ethereum market correction phase.
Based on ChainCatcher data, these wallets invested $13.1 million to acquire 1,970 ETH at an average price of $2,195. The revival of large wallets that had been silent for a long time serves as an important dip switch signal for market participants.
Currently, the trading price of Ethereum is around $2,060, indicating a price adjustment since the purchase point. This pattern of activity resuming in long-term dormant wallets is a typical signal of strategic accumulation by institutional investors and whales. It suggests that some market participants view the downturn as a genuine investment opportunity.
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Is the dip switch activated during the market correction? Large purchase of dormant Ethereum wallets
According to blockchain analysis, an interesting market signal has emerged. Three wallets that had been inactive for four years are highly likely to be operated by the same entity, indicating a serious buying spree during the Ethereum market correction phase.
Based on ChainCatcher data, these wallets invested $13.1 million to acquire 1,970 ETH at an average price of $2,195. The revival of large wallets that had been silent for a long time serves as an important dip switch signal for market participants.
Currently, the trading price of Ethereum is around $2,060, indicating a price adjustment since the purchase point. This pattern of activity resuming in long-term dormant wallets is a typical signal of strategic accumulation by institutional investors and whales. It suggests that some market participants view the downturn as a genuine investment opportunity.