Mystery Whale Account 0x69b...0e378 has been active recently. This on-chain player’s Ethereum holdings have reached 3,100 ETH, and five hours ago, they withdrew a large amount of 503.01 ETH from a major exchange. The cumulative actions over the past two days are quite impressive—continuously withdrawing tokens worth nearly $10 million, with an average cost basis of $3078.5. A careful review reveals that the 9.57 million USDT deposited into the exchange two days ago has almost been exhausted, all converted into Ethereum for building a position. This series of actions indicates a clear bullish signal: large accumulation and continuous net outflows from exchanges. Every step the whale takes leaves a footprint on the chain, and this pattern of withdrawing from exchanges to build a position usually suggests a long-term holding expectation.