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In the past two months, 60 whales holding 10,000-coin ETH have exited, suggesting a lack of confidence in the market in the medium term.

MeNews
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ME News, May 20 (UTC+8), according to analyst Alicharts, in the past two months, approximately 60 whale addresses holding at least 10k ETH have been liquidated.
Alicharts stated that when different entities holding millions of dollars in positions exit the network within such a short time window, it usually indicates institutional profit-taking and asset reallocation.
These big players are taking advantage of recent liquidity to reduce risk, reflecting a clear lack of confidence in the medium-term outlook.
Additionally, the decrease in the number of whales perfectly coincides with the recent large inflows into exchanges.
Data shows that the path of least resistance in the short term will remain downward.
Therefore, attention should be paid to Ethereum's support at $2000. (Source: ChainCatcher)
ETH-2.48%
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