Lookonchain: Whales Buy 13,500 ETH on Dip
Lookonchain reports two wallets accumulating 13,500 ETH worth $29 million as the market crashes, including 10,000 ETH purchased at $2,155 via Aave and 3,500 ETH withdrawn from Binance.
SourceAnalysis
Lookonchain flags wallet 0xFD10 borrowing 22M USDT from Aave to buy 10,000 ETH at $2,155 while wallet 0x4AB7 pulls another 3,500 ETH from Binance, lifting its weekly total to 16,577 ETH worth $37.5M.
Price trades at $2148 on the 4h chart beneath EMA50 at $2265.34 and EMA200 at $2395.33 inside a bearish structure; MACD at -28.28 locks in the death cross while RSI at 29.71 marks oversold territory and price tests the lower Bollinger support at $2164.9, pointing to short-term volatility exhaustion that could precede a relief bounce toward the $2291.47 upper band.
Lookonchain
@lookonchainLooking for smartmoney onchain