ETH profits hit new highs, whales cash out 1.4 billion USD in one day

As of 8 AM today, ETH has achieved a new profit high, with a single-day scale reaching 2 billion USD, far exceeding Bitcoin's 1.3 billion USD and SOL's 500 million USD combined. This means that the profit cashing out of just one asset, ETH, surpasses the combined level of BTC and SOL, which is quite rare.

The simultaneous rise in prices and high profits reflects ample capital momentum, a buoyant market sentiment, and multiple driving forces in the derivatives market. Overall, ETH still maintains a healthy upward framework. However, on the level of player segmentation behavior, there are several signals worth paying special attention to:

1. Whale cashing out scale hits record

Wallets holding over 10,000 ETH contributed 1.4 billion USD to yesterday's 2 billion USD cash-out, marking the largest single-day cash-out scale in nearly two years. Looking back at history, the peaks in March, June, and December of 2024 were 1.2 billion, 1.1 billion, and 900 million USD, respectively. If whale funds continue to sell off in concentration for several consecutive days, it will exert significant pressure on prices, with this game mainly occurring between large capitals.

(Figure 1)

2. Relaxation of high-profit chips

Chips with a profit margin exceeding 300% mean that the cost is below 1,000 USD, and the holding period often exceeds three years. Yesterday, the cash-out amount for chips with a profit margin exceeding 100% reached a two-year high, indicating that some players who gained doubled returns chose to lock in profits.

(Figure 2)

Currently, although the 'old coins' with a profit margin exceeding 300% have not yet seen large-scale concentrated selling, the scale of selling is gently increasing.

(Figure 3)

Conclusion:

Current data shows that ETH's trend is relatively safe, but if high-profit chips, especially those with a profit margin exceeding 300%, experience concentrated selling, it indicates that risk may be approaching. Historical experience shows that such chips tend to see selling during both price increases and peak corrections.