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In the past two months, 60 whales holding tens of thousands of ETH have exited, indicating a lack of medium-term confidence in the market.

MeNews
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ME News, on May 20 (UTC+8), according to analyst Alicharts, over the past two months, around 60 whale addresses holding at least 10,000 ETH have sold off. Alicharts says that when different entities holding million-dollar positions exit the network within such a short time window, this usually signals that institutions are taking profits and reallocating assets. These big players are using recent liquidity to reduce risk, reflecting a clear lack of confidence in the medium-term outlook. In addition, the decline in the number of giant whales fully matches the recent large inflows of funds into exchanges. Data shows that in the short term, the path with the least resistance will still be downward. Therefore, attention should be paid to Ethereum’s $2,000 support. (Source: ChainCatcher)
ETH-2.75%
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