A major Ethereum whale just transferred 26,000 ETH (ā$93.66M) to centralized exchanges within 48 hours ā a clear signal of potential profit-taking or position rotation. Destinations include Binance, Bybit, and other top-tier CEXs.
But thatās not all ā Arthur Hayes, a well-known crypto figure, offloaded 2,373 ETH in the past 6 hours, adding fuel to an already shaky market. This synchronized selling spree from high-profile players is raising serious red flags across the crypto landscape.
š Bearish Signals Stack Up:
ETF net outflows are accelerating šŖ
Price pressure mounting as ETH slides toward the $3,400 support zone
RSI cooling off, suggesting short-term downside likely
Whales shifting from cold wallets to exchanges ā historically a bearish precursor
š Smart Strategy Now? Patience. Let the whale dust settle. Bottom fishing too early can turn painful in a fast-unwinding market. Wait for signs of stabilizationāvolume slowing, on-chain flows flattening, and a reclaim of key technical levels.
š” Market Insight: This isnāt just about ETH ā itās a temperature check on overall sentiment. Whale activity often leads trend shifts. If the $3,400 level cracks, next stops could be $3,200 or lower. But if bulls defend it with volume, we might see a strong rebound.
š Stay nimble. Watch wallet flows. React, donāt guess
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