PANews reported on December 19th that, according to on-chain analyst @ai_9684xtpa, two major whales established positions in ETH during the overnight price decline. Specifically, a new address, 0x779…13703, withdrew 2656 ETH from Binance for the first time, worth $7.55 million, at a price of $2842.39.

In addition, address 0xbE3…9A42a withdrew 2008 ETH from Binance 4 hours ago, worth approximately $5.65 million; it has accumulated 6411.4 ETH in the past 4 months, with a total value of $24.83 million, with an average withdrawal price of $3873, most of which has been deposited into Everstake for staking.