Whale action! ETH enters "sell mode" again!

🔍 On-chain analysis monitoring shows that since January 2024, whales have built positions of about 19,992 ETH at an average price of $2,550. However, this wave of whales seems to have started to move again-in the past 13 hours, a total of 9,496 ETH have been sold, worth up to $37.02 million! 💰

⏳ Three hours ago, this whale transferred another 6,796 ETH to Binance. If it is successfully sold, it is expected to make a profit of $9.13 million 🚀!

The impact of this trend on the market:

1️⃣ Bullish or bearish?

The selling of whales usually means that the market may face short-term pressure, especially when such large transactions occur, market sentiment may become more cautious.

2️⃣ Fund flow:

The large influx of ETH into exchanges is usually regarded as a selling signal, and whale selling may further exacerbate short-term price fluctuations.

Market summary:

👀 Investors need to remain vigilant. Although ETH's long-term potential remains strong, it may face selling pressure in the short term.

🔑 Key advice:

Don't blindly follow the trend and chase high prices. You can pay attention to the dynamics of the market's big players, do a good job of risk control, and avoid being dragged down by volatility!

💬 What is your strategy?

Behind the whale's sell-off, are there deeper market signals waiting to be discovered? #加密市场盘整 #BTC再创新高 #puppies币 #puppies，一级市场难得的金狗 $ETH