$ETH $1.34B ETH Sell-Off Finally Ends
Sell pressure appears to be over as Trend Research has deposited all 651,757 $ETH (~$1.34B) into Binance, marking the full exit of its long-held ETH position.
On-chain data shows the deposits were executed at an average price of ~$2,055, confirming this was not a partial move but a complete liquidation of holdings accumulated earlier.
Based on historical inflows and outflows, Trend Research initially accumulated ETH at significantly higher levels. The total realized loss is estimated at ~$747M, making this one of the largest ETH capitulation events recorded.
With the last ETH now sitting on Binance, this multi-month distribution phase officially comes to an end — removing a major sell-side overhang from the market.
Was this the final capitulation needed before ETH finds a real bottom? 🐳
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