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Second Cut: Whales Sell, Retail Buys the Dip
On-chain data shows heavy ETH selling. One whale offloaded 167,855 ETH worth ~$408M over five days, while another sold 6,000 ETH near $2,496 to repay Aave loans.
ETH is holding around $2,500 as buyers absorb the pressure, but the setup remains weak: whales are distributing above $2,600 while retail keeps buying below $2,500.
Absorption isn’t the same as a reversal. $ETH $BTC $SOL
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