Not gonna lie… when you see whales de-risking $ETH , your first reaction is “uh oh.”
But I don’t think it’s that simple.
Big players don’t move without a plan. Sometimes they’re just:
• locking profits
• hedging before volatility
• rotating to $BTC
• or waiting for better re-entries
$ETH hasn’t suddenly become weak overnight. The ecosystem is still growing, L2s are active, staking is strong.
This feels more like repositioning than panic.
If anything, these phases are where retail gets emotional… and smart money gets patient.
I’m personally watching how price reacts at key support. That reaction will say more than the headlines.
What’s your take — distribution or setup for the next move? 👀