An old player, starting to cash out profits.
Profits are about to be liberated.
The whales are starting to move.
ETH is experiencing short-term volatility.
The latest data shows that the ETH network has raked in profits hitting a three-week high, around $74.58 million.
Achieved.
What's most interesting is.
This happened when ETH dipped by 5.5% this week.
What does this mean?
A lot of folks were lurking under the $2000 level.
They didn’t keep holding their coins.
But they started selling at market fluctuations.
Because for the old money.
The drop doesn’t necessarily mean panic.
It could also be a profit-taking maneuver.
Many people prefer to see profit-taking as a negative signal.
But what’s really worth watching is who's doing the selling.
If the short liquidity is leaving.
Then it’s not a big deal.
If long-term money starts moving consistently.
The position is changing.
The important thing is.
Recently, there have been many divergence signals in ETH:
Institutions are buying.
The OGs are picking the bottom.
Smart money is going short.
Whales are hedging.
And now we're witnessing profit-taking.
The market resembles a money reallocation phase.
The real issue is no longer:
Whales are hedging.
And now we're witnessing profit-taking.
The market resembles a money reallocation phase.
The real issue is no longer:
How much ETH has dropped.
But:
Who’s still holding, and who’s started to exit$ETH .$XRP
