According to Ai 姨 (@ai_9684xtpa on Twitter), three large Ethereum whale addresses collectively withdrew 5566 ETH, worth approximately $13.99 million, from exchanges within the past 2 hours at an average price of $2514 per ETH. The withdrawals were tracked to addresses 0xAc2...Ba836 (2330 ETH), 0x29F...B06b4 (1965 ETH), and 0xfa6...710Ec (1271 ETH), as cited by intel.arkm.com. Whale accumulation of this scale is often interpreted as a bullish signal for ETH price action, indicating strong confidence from large holders. For traders, on-chain movement of significant ETH volumes away from exchanges typically suggests reduced short-term selling pressure and potential for upward price momentum. Source: @ai_9684xtpa on Twitter.

According to Lookonchain, a major ETH whale secured over $10 million in unrealized profit within just three days by holding a long position on Ethereum with 2x leverage as the ETH price surged (source: x.com/lookonchain). This substantial gain with low leverage highlights strong bullish momentum in the Ethereum market, attracting increased attention from traders seeking to capitalize on short-term price spikes. The whale's strategy of using conservative leverage for significant returns underlines the current high-volatility environment and may influence broader crypto trading behavior, increasing spot and derivatives trading volumes as more participants seek to replicate similar gains (source: Lookonchain, May 11, 2025).