Whale Watch: $1.3B Liquidation or Just a Reset? 📊

On-chain data shows a massive Ethereum whale recently unloaded nearly 650,000 $ETH, incurring a significant loss to clear debt. While the #WhaleDeRiskETH trend looks scary, notice how $ETH is fighting to hold the $2,000 support level.

Despite the selling pressure, we’re seeing:

Institutional outflows from exchanges (accumulation?)

Funding rates cooling down

RSI hitting oversold territory

Is this the bottom or just a pit stop? 🧐

#WhaleDeRiskETH #BinanceSquare #MarketUpdate $ETH

ETH

1,952.03

-0.85%