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A certain on-chain whale (veteran OG) recently resumed operations — adding 20,000 ETH in one go. The current average cost is approximately $3,161.85, and the total ETH position market value approaches $730 million, with unrealized gains of $24 million.
Interestingly, this player, already making a huge profit, is still continuing to add to their position. This attitude of increasing holdings after realizing gains often indicates optimism about the future market trend. Many jokingly say that this guy might be planning to hold until Ethereum hits $4,000?
The continued involvement of large funds at market highs usually reflects the genuine attitude of institutions and whale-level players towards the current market. Such signals of increased holdings are often worth paying attention to.