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A mysterious wallet just spent $50 million buying 25,000 ETH quietly — new wallet, no history, executed on-chain to avoid moving the price.
The same month ETH ETFs turned net positive after two months of outflows. The same month the ETH/BTC ratio recovered 16%. The same month staked ETH hit an all-time high — 34% of total supply permanently removed from liquid circulation.
Two months ago everyone called ETH dead. The people with the most money just made their largest moves while you were listening.
The flip wasn’t announced.
It just showed up in the data.
Here’s exactly what happened — and why this time feels structurally different.
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0:00 The 50 Million Mystery Wallet
0:38 The Pain That Built This Setup
2:04 The Supply Crisis Nobody Sees
2:51 ETF Flows Turned Positive
3:31 The Kraken Card
4:09 Who Is Actually Buying
5:22 The MACD Signal Is Live
5:41 Two Months Ago It Was Dead
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