Odaily Planet Daily reports, according to on-chain analyst Ai Yi, a major ETH holder has re-entered the market after five months, purchasing 1,951 ETH for 4.82 million USDT at an average cost of $2,469.60, and has since deposited the ETH into Morpho.
Major ETH holder rebuilds position after five months, purchases 1,951 ETH for 4.82M USDT
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Summary
A major ETH holder has reentered the market after five months, purchasing 1,951 ETH for 4.82M USDT at $2,469.6 per ETH. The purchase aligns with position trading strategies, as the funds were transferred to Morpho. Technical analysis for crypto suggests a potential long-term hold, indicating the buyer is likely building a new ETH position. This move signals a return to strategic accumulation following a period of inactivity.
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