#Gate事件合约晒单挑战 ETH (bearish): capped under the institutional distribution zone
A $406 Million Sell Plan Hangs Over $2,430 My Bear Case on ETH Into Friday
Ethereum is trading near $2,390 after failing to hold above $2,400 earlier in the session, and the overhead story is no longer purely technical it is on-chain and it is quantified. An institutional wallet has transferred 109,800 ETH, roughly $266 million, to centralized exchanges over the past three days at an average price near $2,430, and on-chain tracking indicates a plan to move a total of 167,800 ETH, about $406 million. This is profit-ta