$ETH A big player made a move late at night, directly dumping $166 million

Last night during the market turbulence, that mysterious account known as the “BTC OG Insider Whale” was active again. When ETH was around $2,900, this guy started buying heavily, accumulating a $166 million position in one go. Now, he’s already made nearly a million dollars on paper.

Looking through his previous trading records, this person really knows what he’s doing—the last few rounds of swing trades and shorts were all timed perfectly, with hardly any mistakes.

What does this kind of action mean? It shows that the “smart money” with deep pockets and wide information channels is still bullish on ETH’s future moves. They dare to buy during dips and even open high-leverage longs, clearly confident in a short-term rebound.

Moreover, this person’s trades often align with macro news, so this move is definitely worth noting. At the very least, it shows one thing: the big players in the market haven’t left—they’re still looking for opportunities to position themselves.

What about for retail investors? Don’t panic when you see this kind of news, but also don’t blindly follow. Treat it as a reference signal—at this level, big money thinks there isn’t much room left for a further drop, and the probability of a rebound is increasing.

A few practical strategies:

If your position isn’t large, consider gradually buying some mainstream coins at lows, but absolutely control your allocation—don’t go all in at once.

If you’re already holding, just hold on and make sure to set stop-loss levels to protect against sudden volatility.

One thing to remember—the whale’s moves are just for reference, not buy or sell signals. Don’t chase the top, don’t panic, and maintain your own pace. The market always advances through volatility; rational decision-making is the only way retail investors can make money in the long term.