Ethereum whales have recently offloaded 684,100 ETH tokens, leading to a significant price decline of 3.95%. This trend reflects a greater hesitance among large holders, as two key whales alone sold 1,546.67 ETH.
The overall netflow for Ethereum whales has turned negative at -83.5K, indicating higher sales than purchases, and a negative Taker’s buy-sell ratio suggests sellers are currently dominating the market, potentially leading to further declines in ETH’s price.
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