Some dormant wallets are waking up and buying ETH on the dip.
0x55C1 woke up after 2 years and withdrew 10,000 $ETH($19.24M) from #Binance 6 hours ago.
0x1342 woke up after 1 year and withdrew 1,892 $ETH($3.75M) from #Binance 30 mins ago.
intel.arkm.com/explorer/addres...…
intel.arkm.com/explorer/addres...…
When OGs who've been through 2022 start buying again, I pay attention. These wallets didn't survive multiple cycles by accident. They're not panic buying at all. They're accumulating while everyone else freaks out.
Last time we saw this pattern during a significant dip, ETH bottomed shortly after. Dormant whales don't time the exact bottom - they front-run the recovery. $23M moving off exchanges in a panic is pretty telling.
Sector:
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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