The giant whale 'ran away' with 40.82 million US dollars, is the 'stress test' of $ETH coming?
I just saw the data, in two hours, two big accounts collectively sold 14,000 ETH, cashing out 40.82 million US dollars. The actions were decisive, one sold 10,000 through DEX, and the other split and sold 4,000 on major exchanges like OKX and Binance. This is not just a small move; it's a substantial amount of real money leaving the market.
This incident itself isn’t catastrophic, but its signal significance outweighs the actual selling pressure. Firstly, over 40 million US dollars in ETH’s daily trading volume of over 10 billion can’t create too big of a splash; short-term price fluctuations are more emotional. The key points are 'timing' and 'consistency': the market has been weak recently, with ETH dropping nearly 30% from its October highs, and many large holders have significantly given back their profits. At this time, the giant whale's choice to concentrate on cashing out seems more like a 'stop-loss profit-taking' or 'locking in limited profits' operation, reflecting their lack of confidence in a short-term rebound, preferring to secure profits first.
This serves as a reminder for everyone: In the context of tightening macro liquidity (such as the delay in the Federal Reserve's interest rate cuts), high-volatility assets are the first to be affected. The movements of giant whales have always been a window to observe market sentiment; although a single sale cannot directly predict price rises or falls, if this concentrated behavior forms a trend, it may weaken the support strength of key price levels, triggering more observing funds to follow suit.
For retail investors, don’t be frightened by a single transaction, but pay more attention to the defense strength of ETH at key support levels (such as the 2800-2900 US dollar range), as well as the changes in the overall market funding structure.
The market has experienced a sharp decline, with blood flowing like a river; later I will prepare some strong coins suitable for bottom fishing as a recovery plan. Those who want to follow the strategy can join 币安聊天室.
$FHE $FOLKS
