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Ethereum dropped below $1,600 and fear returned fast.
But while many were selling, whales were doing the opposite.
One early $ETH holder sold 60,000 $ETH near $2,040, then bought back even more around $1,606. Meanwhile, the largest wallets added roughly 290,000 $ETH in early June while exchange reserves fell by nearly 475,000 $ETH.
Price tells one story.
Capital flows tell another.
When large holders accumulate and coins leave exchanges, it suggests conviction is growing beneath the volatility.
The question now isn't why $ETH fell.
It's whether smart money just treated the dip as an opportunity.
#Ethereum