Another wave of big players in action—on-chain data shows that a certain mysterious institution recently made a swift move, buying 5,678 ETH at an average price of $2,985, investing a total of $16.95 million. This operation was made public not long ago and has attracted quite a bit of attention.

Looking at this entity's trading record is quite interesting. In early December, the same entity had previously deployed $14.97 million in a wave, and in just 9 days, they accurately made a profit of $137,000, with a return of 0.92%. Although the percentage isn't large, this kind of stability and execution reveals clear institutional tactics—entry and exit points are very precise.

In the era of on-chain transparency, such information becomes an intriguing reference. The $2,985 price point has evidently become a key level right now, with the same entity repeatedly trading around this area, which often reflects large funds' judgment of the market rhythm. The movement of major cryptocurrencies often has a subtle resonance with these big players' actions, but whether it truly signals the next wave of market trends still depends on subsequent market confirmation.