Ethereum’s Largest Fish Flop: $93M Vanish in 48 Hours! đŸš€đŸ€Ą

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So the mighty whales, these legendary titans of crypto, decided to unload a staggering 26,182 ETH over a mere two days—like a flock of pigeons scattering at the sound of a pot cracking. They sold off roughly $93.66 million worth on the big exchanges: Binance, Kraken, OKX, and Bybit. Great timing, lads! Or is it? Either way, the market felt the tremor.

Source – X (Yes, even whales have their secrets!)

With transactions ranging between 1,000 and 2,000 ETH, the big fish made waves, pushing down prices like a jealous god slamming his fist on a marble table. Ethereum now sits at a cool $3,493—down 0.02%. Just a tiny hiccup or the market catching cold? Only the shadows know.

The Great Whale Exit: A Shriek in the Sea of Green or Red?

Source: CryptoQuant, or what the whales whispered in the night.

The high-volume transfers happened amidst a downward trend, as if the market was yawning and stretching, waiting for the next big move. The “Spot Taker CVD” (think of it as the market’s heartbeat) screams that sellers outnumber buyers, which is about as comforting as a cold shower.

Futures are overheating like a pot on a stove—priced between $3,400 and $3,500—risky enough to turn the tables with just a gust of market sentiment. Hold on tight, folks; what goes up must often come crashing down—especially when whales decide to shake the boat.

The Support Button: $3,458 and Holding… For Now

Most wallets—about 92.26%—are still swimming happily in profit. Looks like the investors haven’t given up hope just yet. But wait—fail to defend that $3,458 line, and ETH might slip down to $3,150 or even flirt with $2,900. Looks like the market’s playing a game of ‘keep the support’—not exactly a fun game, but hey, someone has to lose, right?

Institutional Intrigue: Friends or Foes?

Sources tell us that Ethereum ETFs are still getting some love—roughly 306.6 million influx, with 154 million tripping out. Bitcoin, on the other hand, decided to take a walkaway with a hefty outflow of $927 million. Meanwhile, SharpLink Gaming is out there scooping up ETH like a kid in a candy store—dropping 53.9 million, just to spice things up!

The big fish are flopping or swimming—it’s a game of chess, where each move might tilt the age-old balance between whales hoarding and traders panicking. The wild swings of netflows—up over 8,000% in a week—are basically the crypto version of a rollercoaster with a questionable safety record.

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2025-08-04 00:44