Major ETH Whale Continues Aggressive Withdrawal Strategy, Pulling 5,500 Tokens from Exchange

Ongoing Accumulation Signal

Market trackers have identified a significant transaction: a whale address just withdrawn 5,500 ETH from an exchange approximately one hour ago, translating to roughly $16.09 million at current valuations. This latest move represents part of a larger accumulation pattern that has been unfolding since early December.

Deep Dive into Position Details

The same whale address has been systematically withdrawn a cumulative total of 34,415.46 ETH from exchanges since December 5, demonstrating sustained conviction in their accumulation thesis. This considerable position is currently valued at $107 million, built on an average entry price of $3,131.11 per token. At the current market price of $3.12K, the address is carrying an unrealized loss of approximately $7.162 million.

What This Tells Us

Such persistent withdrawals from trading platforms typically signal long-term holding intentions rather than immediate profit-taking. Despite sitting underwater on their accumulated position, the whale continues to withdraw tokens from exchanges—a behavior that often precedes significant market movements or reflects strong conviction in future price appreciation. This accumulation strategy, maintained even during periods of drawdown, is the kind of signal that often attracts attention from other market participants monitoring large on-chain flows.