Recently, the frequent operation of ETH giant whales has attracted widespread attention in the market, mainly because it extracts a large amount of ETH from OKX in a short period of time and conducts complex capital flows. The operations of these giant whales are often seen as a weather vane for market trends and may indicate the direction of future price fluctuations. For example, a giant whale extracted nearly 16,000 ETH in just a few hours, then deposited it into the decentralized financial platform Aave, and borrowed USDT. This operating model shows its sensitivity to market liquidity and prediction of price trends. Analysts believe that this frequent capital flow may be the giant whale being laid out for the upcoming market volatility, especially in the context of overall instability in the crypto market. The price trend of ETH is closely related to the operations of these giant whales, and the inlet and outflow of giant whales may intensify market volatility, especially when the current ETH price is near the key technical support level. In addition, the behavior of giant whales may also affect the decisions of retail investors and lead to changes in market sentiment. In the future, if giant whales continue to extract or transfer ETH on a large scale, it may trigger market panic or optimism, further driving violent price fluctuations. Therefore, investors should pay close attention to the trends of giant whales and conduct reasonable risk management and investment decisions in combination with market trends. Overall, the future trend of the ETH market will still be deeply affected by the operation of giant whale, and investors need to be vigilant at all times.