Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
 discovered that address 0x69b…0e378 increased its position to 3,100 ETH.
Accumulation Strategy Through Phases
This token accumulation activity is not a one-time event but occurs in multiple rounds. In just the past 5 hours, this smart money has withdrawn 503.01 ETH from the exchange for the third time. Looking back over the past two days, the accumulation has resulted in approximately $9.543 million worth of tokens, with an average purchase price of around $3,078.5.
Cost and Acquisition Performance
These figures reveal an interesting detail about the smart money’s plan. With an amount of 9.57 million USDT deposited into the exchange two days ago, it appears that this entire sum was used to buy Ethereum. Simple calculations show that the current Ethereum price is at $3.22K, indicating that the smart money holds a significant position amid market volatility.
Insights from Wave Pattern Analysis
This action by the smart money is seen as a bullish signal, especially in the context of recent market developments. The continuous token accumulation rather than selling indicates confidence in Ethereum’s upward potential in the upcoming period.