🐋 Whale Action! ETH Enters 'Sell Mode' Again! 📉
🔍 On-chain analysis monitoring shows that since January 2024, the whale has accumulated approximately 19,992 ETH at an average price of $2,550. However, this whale seems to be on the move again—selling a total of 9,496 ETH worth up to $37.02 million in the past 13 hours! 💰
⏳ Three hours ago, this whale transferred 6,796 ETH to Binance, and if successfully sold, is expected to profit $9.13 million 🚀!
Impact of this movement on the market:
1️⃣ Bullish or Bearish?
Whale selling usually indicates that the market may face short-term pressure, especially when such large transactions occur, market sentiment may become more cautious.
2️⃣ Capital Flow:
A large inflow of ETH into exchanges is usually seen as a selling signal, and whale selling may further exacerbate short-term price volatility.
Market Summary:
👀 Investors need to remain vigilant; while ETH's long-term potential remains strong, it may face selling pressure in the short term.
🔑 Key Advice:
Do not blindly chase highs; pay attention to the movements of market players, manage risk well, and avoid being dragged down by volatility!
💬 What is your strategy?
Is there a deeper market signal waiting to be uncovered behind whale selling? 👇
