ETH's Three Major Whales Are in a Frenzy to Dump 34,400 Coins??

Three ETH whale addresses are frantically selling over 34,400 ETH (approximately $148 million). What’s going on here…

Address 0x1D8d: Deposited 17,972 ETH (approximately $77.4 million 💰) to Coinbase 1 hour ago, choosing a compliant exchange to offload, clearly aiming for institutional buyers, with obvious intent to sell.

Address 0x5A8E: Dumped 13,521 ETH (approximately $57.72 million 💰) to Binance within 12 minutes, making large short-term sales, creating an impact by exploiting liquidity gaps, not giving the market a breather.

Address 0x3684: Sent 3,003 ETH (approximately $12.89 million 💰) to Binance 20 minutes ago, creating a “time difference” with the previous two, allowing short-selling forces to continue to ferment.

Do you remember the signs of whale movements before the LUNA crash and FTX fallout? Now that ETH is the second largest mainstream coin, this collective sell-off could trigger panic selling among retail investors, making the market even more volatile…

Recently, don’t fumble around, focus on the ETH liquidity on exchanges and key support levels. At times like this, understanding the whales' “escape signals” can help avoid pitfalls… It’s better to keep an eye on the trends for now.