$ETH SELLOFF ACCELERATES AS INSTITUTION CUTS LOSSES 🔥
FG Nexus just dumped another 3,375 ETH for $5.34M, bringing their total realized loss to over $86.8M. They bought 50,770 ETH at roughly $3,860 and have now sold 41,675 ETH at an average loss of over $2,000 per coin.
That kind of forced distribution adds real downward pressure. When a whale with that much size starts taking exits, smart money pays attention. The bid has to absorb this supply before any meaningful recovery.
Are you leaning short or waiting for a clear floor to form first?
Not financial advice. Always manage your risk.
#ETH #Selloff #Institution #CryptoLosses
⚡
FG Nexus just dumped another 3,375 ETH for $5.34M, bringing their total realized loss to over $86.8M. They bought 50,770 ETH at roughly $3,860 and have now sold 41,675 ETH at an average loss of over $2,000 per coin.
That kind of forced distribution adds real downward pressure. When a whale with that much size starts taking exits, smart money pays attention. The bid has to absorb this supply before any meaningful recovery.
Are you leaning short or waiting for a clear floor to form first?
Not financial advice. Always manage your risk.
#ETH #Selloff #Institution #CryptoLosses
⚡