$48.9 million ETH pending unlock: Selling pressure or routine operation? The market begins to closely watch the foundation's moves

On-chain data shows that the Ethereum Foundation has started to unstake about $48.9 million worth of ETH:
Depositing wstETH into Lido's unstETH contract, and after the process is complete, redeeming the corresponding ETH.
This step itself is a technical operation, but what the market really cares about is the next step—whether they will sell.
The reason is simple:
The Ethereum Foundation has previously sold ETH at specific stages for operations and fund management, so each "unlock" is seen as a potential selling pressure signal.
Structurally, this behavior does not necessarily mean negative news, but it can influence short-term expectations:
Once the market thinks "they might sell," the sentiment will react in advance on the price.
In the crypto market, expectations are part of the market itself.
Prices are not only determined by actions but also by "what everyone thinks will happen."
Truly mature investors do not wait for news to land before acting; they understand the logic behind the behavior in advance.
Stabilizing cognition is more important than predicting price rises or falls.