according to on-chain analyst @ai_9684xtpa, two major whales have been accumulating ETH during the downtrend. Among them, the new address 0x779…13703 withdrew 2,656 ETH from Binance for the first time, worth 7.55 million USD, at a withdrawal price of 2,842.39 USD.

In addition, the address 0xbE3…9A42a4 withdrew 2,008 ETH from Binance 4 hours ago, approximately 5.65 million USD; over the past 4 months, it has accumulated a total of 6,411.4 ETH, with a total value of 24.83 million USD, an average withdrawal price of 3,873 USD, most of which has been deposited into Everstake for staking.