The giant whale completely liquidated its staked ETH, is it a full exit or is there another scheme?
On-chain data shows that 2 hours ago, a giant whale completely cleared out 2053 ETH that was staked on May 6!
Entry average price: $1794
Staking platform: Kiln
Current action: Full redemption + deposit into CEX
If sold entirely, it will profit $1,517,000
This is not the usual staking earning interest rhythm, it resembles a complete plan of lurking + topping out + cashing out.
From transferring out of Bian, staking to avoid volatility, maximizing the cycle, to redeeming in place, everything has been executed precisely.
This wave of operations may imply
Medium-term price pressure on ETH
Giant whale funds are starting to withdraw and switch positions
Perhaps, they are laying out new hotspots in advance
Whether ETH can hold on or not may depend on whether such actions become more frequent.
Are you still holding, or have you quietly reduced your position?
Feel free to comment and share your thoughts - what do you think of this large exit signal?
