Analyst: Institutional traders are calling for bullishness, while whale holders are "cashing out"
According to Deep Tide TechFlow, on December 18, on-chain analyst Ai Aunt (@ai_9684xtpa) monitored that three addresses, suspected to belong to the same whale, redeemed assets from Lido and Eigenlayer and swapped them for ETH in the past 4 hours. Subsequently, they transferred 7,653 ETH, worth $21.62 million, to the same deposit address of a certain exchange.
These ETH were accumulated at an average price of $2,476 between May 2023 and July 2025. If sold, the profit would be $2.668 million, but the profit has already retraced nearly 69% from ETH's peak.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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