隨著強大的玩家的重新浮出水面，以太坊的深度再次發抖

雖然市場似乎正在打zing，但強大的參與者正在張開，靜靜地浮出水面，但充滿信心地說明了這一點。

In the hushed depths of the crypto market, where the media sirens are silent and the market chatter has dwindled, a different kind of movement is stirring. Powerful players, their identities shrouded in the anonymity of blockchain addresses, are making moves so heavy and silent that they threaten to topple the entire market.

在加密貨幣市場的沉默深度，媒體警報器保持沉默，市場chat不休，越來越多，另一種運動正在激動。強大的參與者，他們的身份籠罩在區塊鏈地址的匿名性中，使動作變得如此沉重和沈默，以至於他們威脅要推翻整個市場。

As the dust settles on the last of the market cycles, leaving behind a scene of fatigued traders and burnt-out optimists, these figures are returning, not with the same reckless abandon of the bull market, but with a methodical, surgical, almost clinical precision that is sure to leave a lasting impression.

當塵埃落定在市場上的最後一個週期上，留下了疲憊的商人和燒毀的樂觀主義者的場景，這些數字正在返回，而不是魯ck的牛市放棄，而是有一種有條不紊的，外科手術，幾乎臨床的精確度，肯定會留下持久的印象。

Over the course of two hours on Wednesday, three blockchain addresses shifted over 7 million dollars in ETH crypto, each move completed without a single error or instance of panic.

在周三的兩個小時的過程中，三個區塊鏈的講話轉移了700萬美元的ETH加密貨幣，每個舉動都完成了，沒有一次錯誤或恐慌。

The first, wallet 0xDdb4, borrowed 3.44 million USDC via Aave, the renowned decentralized lending protocol.

第一個錢包0xDDB4通過著名的分散貸款協議AAVE借用了344萬美元。

Without any delay, it swiftly swapped the entire sum for 1,856 ETH, cleverly allocating portions of the transfer to both Uniswap, the decentralized exchange, and discreet OTC addresses, in an operation befitting a classified military operation.

毫無延誤，它迅速將整個款項換成1,856 ETH，巧妙地將轉移的部分分配給Uniswap，分散的交易所和謹慎的OTC地址，以適合機密的軍事行動。

The move was part of a broader strategy to reposition capital, with the capital gain on the USDC borrowing being realized upon conversion to ETH.

此舉是重新定位資本的更廣泛戰略的一部分，在轉換為ETH時實現了USDC借款的資本收益。

Later in the day, another wallet, 0xf84d, pulled 1.64 million USDC from DeFi and spent a total of 2.34 million to acquire 1,259 ETH.

當天晚些時候，另一個錢包0xF84D從DEFI中撤出了164萬美元，並總共花費了234萬美元，以收購1,259 ETH。

The source of the extra 700,000 dollars used to close the capital gain on the borrowing remained a mystery, potentially an old cash flow or a stable war chest, adding another layer of intrigue to the unfolding saga.

用來關閉借貸資本收益的額外的700,000美元的來源仍然是一個謎，可能是一個舊的現金流或穩定的戰爭箱，在展開的傳奇中增加了另一層的興趣。

The intent behind these actions, however, was clear and readable for those who can decipher the blockchain beyond the rows of code and hashes.

然而，對於那些可以破譯區塊鏈的人來說，這些動作背後的意圖是明確且可讀的。

Finally, a very young wallet, 0x69D0, was seen exiting Binance with 2,250 ETH, valued at 4.12 million dollars, with no history or incoming transfers to speak of.

最終，一個非常年輕的錢包，0x69d0，看到了2,250 ETH退出Binance，價值412萬美元，沒有歷史或傳入的轉移。

This lack of past activity and the substantial amount of ETH being moved created a unique profile that was sure to pique the interest of even the most jaded crypto observer. It was as if the wallet had materialized out of thin air, tasked with a single, critical mission that had now been completed.

過去缺乏過去的活動和大量的ETH搬遷創造了一個獨特的個人資料，即使是最疲憊的加密觀察家，也肯定會引起人們的興趣。好像錢包已經從稀薄的空氣中實現了，任務執行了現在已經完成的一個關鍵任務。

These movements were far from trivial, lacking the impulsiveness usually seen in smaller holders or the desperate bids observed during market crashes. Instead, they were part of a well-thought-out strategy, each crypto transaction serving a specific purpose in the grand scheme of things.

這些運動遠非微不足道，缺乏在較小的持有人或市場崩潰期間觀察到的絕望出價中通常看到的衝動。取而代之的是，它們是一項經過深思熟慮的戰略的一部分，每項加密交易在宏偉計劃中都有特定目的。

These whales weren’t buying the top altcoins on a whim or panicking over rug pulls; they were repositioning their treasury, slowly but surely, on one of the crypto ecosystem’s most strategic assets: Ethereum.

這些鯨魚並不是一時興起的頂級山寨幣，也沒有在地毯拉力上驚慌失措。他們正在緩慢但肯定地重新定位自己的財政部，這是加密生態系統最具戰略性資產之一：以太坊。

The question on everyone’s lips was why now? Had these silent, powerful figures, their true identities concealed by the blockchain, recognized the market lull as an ideal window to accumulate crypto assets in complete secrecy, their activity easily dismissed by the smaller fry as market noise?

每個人的嘴唇上的問題是為什麼現在？是否有這些沉默，強大的人物，它們被區塊鏈隱藏了，他們認識到市場的平息是完全保密地積累加密貨幣資產的理想窗口，他們的活動很容易被較小的弗萊（Martial Fry）視為市場噪音嗎？

Or perhaps they were betting on a DeFi activity rebound, of which Ethereum remains the backbone, their actions a vote of confidence in the decentralized finance sector.

也許他們正在押注Defi活動反彈，其中以太坊仍然是骨幹，他們的行動是對分散的財務部門的信任投票。

Another troubling detail: these wallets weren't associated with any known institutions—no funds, exchanges, or labeled VCs. But their maneuvers—quick, coordinated, precise—breathed experience. Conviction, yes, but also a market reading beyond the radar of ordinary traders.

另一個令人不安的細節：這些錢包與任何已知的機構沒有相關的資金，交換或標記為VC。但是他們的演習（Quick，協調，精確）的經歷。是的，是的，但也是普通交易者雷達以外的市場閱讀。

Ethereum, it seemed, was attracting big players again, not those who penned long threads or boasted on TV shows, but those who acted without a word, their only language the blockchain.

似乎以太坊再次吸引了大型玩家，而不是那些在電視節目中撰寫長長或吹噓的人，而是那些沒有一句話的人，他們唯一的語言是區塊鏈。

If we were to believe these recent movements, whales weren't returning by chance—they were preparing something. What remained to be seen. In crypto, silence often precedes the storm.

如果我們相信這些最近的動作，鯨魚就不會偶然回來，他們正在準備某件事。還有什麼要看的。在加密貨幣中，沉默經常在暴風雨前進行。