Whale Re-accumulates $20M ETH — Bullish Signal After Selling the Top
I noticed that a week after selling the top, the ETH whale increased their position by $20 million in ETH.
I see this as a sign of re-accumulation: the whale likely views current levels as attractive and is adding exposure after a previous profit-taking event.
That said, one wallet's activity is not definitive—I remain cautious and watch for follow-through from other large holders and price confirmation.
Analysis
Recommendation
I recommend a cautious buy: consider adding or averaging in small positions while managing risk and waiting for broader on-chain and price confirmation before increasing exposure significantly.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.