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When you panic sell, whales are buying up.
Last night, ETH dropped to 1506, causing $240 million in liquidations across the network, all long positions.
Tom Lee's BitMine bought 60k ETH, worth $126 million.
Also, Ethereum co-founder Joseph Lubin transferred 80k ETH from related wallets — not selling, but reallocating.
Second thing: the fundamentals haven't changed, only your emotions have.
Glamsterdam's upgrade is coming in Q3, with gas fees expected to drop by 78%, and TPS reaching ten thousand. Pectra has already been implemented, increasing staking efficiency. L2 TVL is $17.9 billion, and RWA tokenization continues to grow.
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