Over 10,000 ETH sold off, a whale amputates its own arm! Who is bottom fishing, and who is giving up?

Transactions on this chain are not just whispers, but a blood letter.

According to on-chain data, a whale that has held its position for many years has just liquidated 10,543 ETH, with an average transaction price of about $2,476, totaling over $26.1 million. Even more outrageous is that—just two days ago, it was deeply trapped with a loss of $2 million.

You read that right, even money at this level can't withstand the fluctuations and has been directly dumped!

What does this indicate?

First, the panic from the market decline has pierced through the psychological bottom line of some large funds.

Second, the bullish faith is beginning to collapse; even whales are afraid of enduring further and being repeatedly harvested.

However! It is precisely this kind of sell-off that may create space for a true bottom.

Such large-scale liquidation is often the “give-up signal” at the very end of the market.

It could also be that smart players are tricking retail investors into dumping their chips—remember, every time a whale “surrenders,” another group is laying in wait!

Do you think this is the beginning of a collapse, or are we preparing for takeoff?

Leave a comment to share your judgment; don’t just watch, be the one who eats the meat!