Two wallet addresses, inactive for over two years, deposited 33,180 ETH to Bitfinex on Sept. 19. The transfer is valued at approximately $86.93 million, with an estimated profit of $20.48 million.
On-chain analysis indicates the two wallets likely belong to the same entity. Their reactivation marks the first activity for these addresses in more than 24 months.
Large ETH deposits to exchange wallets can signal increased sell-side pressure or strategic reallocation. Traders are monitoring for potential price volatility as market participants assess the whale's next moves.
