$ETH Bearish on Shorts!

ETH is facing internal and external troubles, far from bottoming out. A dormant ETH pre-mined address that has been inactive for 10.8 years has just awakened, transferring 2,000 ETH to an exchange. This batch of ETH skyrocketed from $620 in 2015 to over $4.2 million now, with profits exceeding 6,800 times. A large-scale profit-taking sell-off is imminent.

1. Ancient whales waking up to sell, supply-side pressure surges. This ancient whale, with a 6,800-fold profit, has transferred chips to exchanges after awakening, likely preparing for a large-scale sell-off. This is the third recent large transfer of ETH from early addresses, indicating early players are collectively retreating, and the market will face a test of massive profit-taking sales.

2. Core ecosystem evangelists are exiting. Bankless co-founder David Hoffman has confirmed he has liquidated all his ETH holdings. Even the “Chief Believer” of the Ethereum ecosystem is choosing to exit at this point, and his loss of confidence far exceeds typical negative news, showing he no longer sees a short-term structural revaluation opportunity for ETH.

3. Institutional funds are strategically retreating. Ethereum spot ETFs have experienced net outflows for ten consecutive trading days, with a net outflow of $215 million last week alone. BlackRock’s ETHA alone saw outflows of $189 million. Meanwhile, funds are flowing out of BTC and ETH ETFs and into altcoin ETFs like HYPE, XRP, and SOL. Institutional consensus on ETH is breaking down.

Ancient whales dumping, die-hard believers exiting, institutional funds retreating across the board—these three mountains are pressing down hard on ETH. The $200k short position is fully locked in, waiting for a breakdown to the downside, ready to take all these high-position chips! #阿贵Btc