There is a massive secret movement happening behind the scenes. The whales are not just selling, but "circling" their money intelligently, and this time the destination is Ethereum.
One "whale" today transferred 1969 Bitcoin (valued at 178 million dollars) and completely exchanged it for 58,149 Ethereum.
Source Checkonchain
This is not just a purchase, but a clear announcement of "high-risk appetite." The whales are betting that Ethereum will provide double returns compared to Bitcoin in the next phase.
Source CryptoQuant
And in numbers.. why is Ethereum the "biggest beneficiary"?
* Capital migration: The capital flowing into Bitcoin has decreased from $62 billion in July to only $4 billion currently.
Source CryptoQuant
* Supply scarcity: For the fifth consecutive day, coins are being withdrawn from exchanges (a negative flow of -32,000 ETH), which means that everyone is storing and no one wants to sell.
Source TradingView
* Institutional confidence: "Fund premium" has returned to positive for the first time in two weeks, which means that financial institutions are willing to pay a "premium" over the global price to own Ethereum.
We are now in a critical area and here’s what will happen
The upward path If Ethereum manages to close above $3121, the way is clear directly to $3288, officially announcing the end of the bearish trend.
Or the downward path If we break the support at $3000, we might see a quick visit to the 2800$ area before any new rise.
