According to Lookonchain, a major Ethereum whale who spent the past three months accumulating ETH has now become profitable, recently withdrawing 1,687 ETH (approximately $4.2 million) from Gateio. Since February 15, this whale has withdrawn a total of 50,165 ETH ($104.5 million) from the exchange at an average price of around $2,084 per ETH. The whale has managed to turn a previous $21 million loss into a $21.7 million profit, signaling significant bullish momentum among large holders. For traders, this whale activity suggests growing institutional interest and could indicate sustained upward price pressure on Ethereum in the near term, impacting market sentiment and potential trading strategies. Source: Lookonchain (x.com/lookonchain/status/1921775646411214906)

According to Lookonchain, significant Ethereum ($ETH) whale activity continues with wallet 0xd81E withdrawing 1,900 ETH ($3.1M) from Gateio, marking a total withdrawal of 48,477 ETH ($100.35M) since February 15. Despite these substantial movements, the wallet is experiencing a $21M loss, indicating potential market volatility. Concurrently, wallet 0x3bd2 withdrew 2,600 ETH ($4.26M) from Binance, highlighting ongoing accumulation by large holders.