Brothers, are you confused? ETH ETFs are bringing in money every day, and SharpLink's Ethereum micro-strategies are buying up, logically speaking,$ETH it should be on the rise! But why is it so soft?
The truth might be a bit painful. It's not that no one is buying; it's that some big players are secretly running away! This big player is very clever, using two wallet addresses to pull off something. In just the last three weeks, they redeemed 95,313 ETH, worth nearly 300 million dollars, from staking.
What's even harsher is that they have quickly thrown 68,182 ETH into exchanges like HTX, OKX, and Bybit! Once it goes to the exchange, it's highly likely that they want to sell!
It's not over yet! These two wallets are still holding 27,131 ETH worth 67.5 million dollars! At this rate, they will probably transfer to the exchange in the next few days, waiting to sell! This is the potential selling pressure hanging over us!
Old Zhao did the math; this big player is cutting losses and running. These ETH were staked last year, with a cost price of about 2878 each, and now they are redeeming and selling at only 2431 each. All in all, just with these 68,000-plus ETH, they have lost a full 42.6 million dollars! Even with such losses, they still want to run; how pessimistic is that for the short term? Or are they in urgent need of cash?
The address is here, publicly on the blockchain
0x14e40e9528D3d3aE65d710aaFd7019e61fF0b447
0x26BbffEF29c50F607BE20D98cB44fbFc64cc50DF
So do you understand? Don't just look at who is buying! The movements of the whales are the real indicators! The next time you see good news and the price doesn't rise, consider if there's a big player secretly escaping! Hit follow, and next time I'll teach you how to use free tools to monitor whale wallets in real-time. When they transfer coins to the exchange, you'll know! Running faster than the market maker is what really matters!
