COINOTAG reported that on-chain analytics platform lookonchain identified persistent activity from whale address 0x3c9E, which has executed repeated sell-offs of ETH during downturns followed by incremental repurchases at higher levels. The sequence was observed across multiple windows between late July and the past 20 hours, underscoring a recurring liquidity pattern rather than a singular trade.

Transaction aggregates show sales of approximately 49,482 ETH (about $184.5M) and repurchases totaling roughly 24,300 ETH (around $109.9M), resulting in a net outflow near 25,182 ETH or ~$74.6M in fiat terms. Reported average execution prices ranged from ~$3,548 to ~$4,747 per ETH, reflecting short-term volatility in Ethereum pricing.

From a market-impact perspective, this behavior is consistent with active balance-sheet rebalancing and realized dispositions that can temporarily increase sell-side pressure; market participants should monitor on-chain indicators and lookonchain alerts for updated whale flows and liquidity shifts.