In the past two months, 60 ETH whales holding over ten thousand coins have exited the market, indicating a lack of mid-term confidence.
According to ChainCatcher, analyst Alicharts stated that in the past two months, approximately 60 whale addresses each holding at least 10,000 ETH have fully liquidated their positions. Alicharts noted that when different entities, each holding multi-million dollar positions, exit the network within such a short period of time, it usually signals institutional profit-taking and asset reallocation. These major players are taking advantage of recent liquidity to reduce risk, reflecting a clear lack of confidence regarding the medium-term outlook. Additionally, the decrease in the number of whales coincides fully with recent substantial inflows of funds into exchanges. Data shows that, in the short term, the path of least resistance remains downward. Therefore, attention should be paid to the $2,000 support level for Ethereum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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