On-chain data shows that the same holder initiated a new round of large ETH accumulation within the past hour. According to on-chain tracking, this address bought 5,678 ETH at an average price of $2,985.7, with a single transaction amounting to $16.95 million.

This is not the institution's first move. Looking back at the operation in early December, they invested $14.97 million in swing trading and ultimately made a profit of $137,000. Now, initiating a similar scale of accumulation again indicates their optimistic outlook on the current market timing.

In terms of capital size and operational rhythm, the on-chain movements of such large players often signal key mid-term market trends. The current accumulation scale is comparable to the last one, but the time interval is relatively tight, warranting continued monitoring of subsequent position actions.