Yesterday, there was quite an interesting move on-chain — an old player with deep ties to the Ethereum Foundation suddenly stepped in to purchase 7318.56 ETH at an average price of 3016 dollars, investing a total of 22.07 million dollars. What’s even more astonishing is that the last increase the position was just completed 40 minutes ago.

This person is not an ordinary player. Looking back at the surge of ETH in August, they accurately cashed out 12,575 ETH at a high point, and now still hold 10,529 ETH. This kind of high sell and low buy operation rhythm indicates that they indeed have a sharp sense of the cycles.

Why is this worth paying attention to? Because the actions of large holders in building positions often reveal subtle changes in market sentiment. At the current price range, if even experienced whales are starting to reposition, it may, to some extent, indicate that the bottom support is strengthening and the upward potential might be brewing.

The benefit of on-chain data lies in its transparency—these tracks of real money flow are laid out there, naturally attracting the attention of institutions and retail investors. When funds follow the trend and flow in, it also boosts overall market confidence.

However, that being said, retail friends should not get carried away by the news. What you should really learn is their long-term perspective and risk management skills, rather than blindly following the trend and chasing prices. If you have some spare money, you might consider gradually increasing the position when prices dip, while also keeping an eye on the dynamics of on-chain analysts to grasp the overall trend.

The cryptocurrency market is always a game where opportunities and risks coexist. Steady progress and continuous learning are the hard truths for long-term survival.