ETH Whale Cashes Out $17.76 Million, Is Smart Money 'Topping Out'?

On May 19, 2025, Ethereum (ETH) market volatility intensified, and two major whales took the opportunity to cash out, totaling $17.76 million.

📍 Address 0xD20E: Sold 4,718 ETH, obtaining about $11.53 million at an average price of $2,426, with a single profit of up to $3.18 million!

📍 Address 0x9BDa: Sold 2,594 ETH, obtaining about $6.23 million, netting a profit of $1.31 million!

Both operations are similar—choosing to 'take profits at high levels' during a phase where ETH has not further broken out, seemingly calm but actually revealing a seasoned style.

Is this action a precise top-out? Or is it a strategic bait-and-switch by the main force?

What comes next, a handover rally or a peak retreat?

Feel free to leave your judgment in the comments section

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