Some whales are selling ETH, but the market keeps absorbing it.
World Liberty-linked wallet sold 8,500 ETH.
Genesis deposited 1,482 ETH to Binance, OKX, and Bybit.
Institutions sold 6,312 ETH, led by BlackRock. 🔴
Vitalik has also been selling free meme tokens recently and receiving $ETH plus $USDC .
However, the buy side is still loud.
Matrixport-linked whale keeps adding to his 90,000 ETH long, now worth $204M.
Machi is also long with 8,500 ETH, despite sitting in losses this week.
Tom Lee’s Bitmine looks like it is taking all the ETH being sold, buying another 20,000 ETH and taking total purchases to 65,000 ETH worth $147M in 24 hours.
Some whales are selling.
But all that ETH is getting bought.
#StrategyBTCPurchase #FedRatesUnchanged #AftermathFinanceBreach #GoldRetracedToAround$4500