On-Chain Tracker Spots Major ETH Accumulation After Recent Whale Liquidation

A significant player in the Ethereum market is executing a calculated re-entry strategy, according to monitoring by blockchain analyst Yu Jin. The activity reveals an interesting pattern of profit-taking followed by strategic repositioning at lower valuations.

The Profit-Taking Phase

Back in September and October, this whale executed a major exit, offloading 30,000 ETH at an average price of $4,202 per coin. The total proceeds from this sale reached approximately $126 million. The move proved well-timed, as the investor locked in substantial gains from earlier accumulation.

Strategic Buyback Underway

Rather than sitting on the sidelines, the whale has initiated a methodical re-accumulation phase. Thus far, 18,000 ETH has been purchased with a price averaging $3,536 per token, representing a $63.65 million investment. This buyback suggests the whale views current levels as an attractive entry point.

The accumulation isn’t happening in a single transaction. On October 22, the whale withdrew 12,000 ETH from an exchange at a price point of $3,854. More recently, approximately half an hour ago today, another 6,000 ETH was pulled out at a price of $2,900, indicating aggressive buying at progressively lower levels.

Market Implications

The whale’s behavior reflects a classic institutional playbook: capture gains after significant rallies, then gradually rebuild positions during pullbacks. With ETH trading in the $3,000+ range, the total realized profit of $35.37 million from the initial sale-now-buyback cycle underscores the volatility and opportunity inherent in the broader crypto markets. This on-chain activity often signals potential shift in whale sentiment and market direction.