According to EmberCN, the whale nemorino.eth, previously bearish on ETH, has started buying back ETH, purchasing 3,000 ETH for 571.8 million USDC at a price of $1,906 two hours ago. This move comes after selling 10,828.5 ETH at $2,586 in early February to deleverage, anticipating a price drop, which subsequently saw ETH fall to $1,800.

According to @EmberCN, whale nemorino.eth sold 10,828.5 ETH for $28 million USDC to repay a loan on Aave, with an average selling price of $2,586 per ETH. After clearing the debt, the whale still holds 8,833.4 ETH valued at $23.26 million. Such deleveraging by a whale is typically seen as a bearish signal.

According to EmberCN, the whale known as nemorino.eth has accumulated 20,083 ETH worth $45.73 million over the past 34 hours at an average price of $2,277. This follows a sale of 18,650 ETH for $43.09 million at $2,311 per ETH on September 6. The recent accumulation exceeds the previous sale volume, indicating a strategic buyback at a lower price.