#永续合约DEX赛道之争# The current market situation is noteworthy: a seasoned cryptocurrency investor (wallet Address 0x1fc...ed5) has demonstrated extremely rare market confidence. During the price volatility of Ethereum, this investor purchased approximately 24,000 ETH in just 15 hours, with a total value of nearly 96.36 million USD and an average purchase price of 4,078 USD.

This investor's actions were extremely decisive—first, when the price began to decline, he transferred 2,400 ETH from the Binance platform for initial positioning. Then, noticing that ETH continued to drop, he immediately converted all of his reserve of 87.86 million stablecoins into ETH within the next hour, increasing his holdings by 21,600 ETH in one go.

This behavior can be interpreted to reveal several key pieces of information:

This is likely a typical "Extreme Fear to Greed" strategy—when ETH encounters a significant pullback, this investor not only does not panic but instead liquidates all stablecoin positions on the Pendle platform, converting them entirely to ETH holdings. This action implies a strong bullish sentiment towards Ethereum's current price level, believing it is nearing a significant support area.

Timing is worth paying attention to: first, small-scale testing, then significantly increasing positions after prices drop further, indicating that the investor may have an accurate judgment of the market bottom and may even foresee the upcoming favorable market factors.

However, an important reminder for ordinary investors: the investment strategies of large investors should not be blindly imitated. Such institutions or super individual investors have the ability to withstand significant market fluctuations, while ordinary participants should carefully plan their investment portfolios based on their own risk tolerance.

Has this round of adjustment for Ethereum already hit the bottom? This question is worth pondering for all market participants. Feel free to share your views and judgments on the current market below.