The major investor who went against the trend and shorted during the mid-October crash has been silent for over a month, but is now starting to take action again.

Nine hours ago, this market player increased their holdings by 20,000 ETH, bringing their total single-asset position to a scale of $736 million — holding 223,340 ETH. Just from this recent accumulation, unrealized gains have reached $29.46 million, and the overall floating profit of the position has surpassed $40 million, reaching $40.93 million.

What signals are being sent by this role reversal from a seller to a hoarder? The position movements of large investors often reflect the market’s phase-specific emotional shifts. In the current environment of Ethereum price fluctuations, such accumulation actions are indeed worth paying attention to — whether as a market indicator or as a reference for future price trends.