🚨 Massive ETH Whale Capitulation: $13.6M Loss Incoming? 📉
The conviction is cracking, one transfer at a time! 💸 Over the past 15 hours, an $ETH -heavy whale quietly pushed another 12,058 ETH into OKX—valued at approximately $28.26M.
This isn't just a one-off move. Since January 20, this specific wallet has offloaded roughly 33,680 ETH. If this entire batch is sold at current market prices, the realized loss would sit at a staggering $13.6M. 😱
🔍 The History: From Diamond Hands to Panic?
What makes this move sting is the whale's history:
The Build-up: Since early December, this address patiently stacked 55,262 $ETH.
The Entry: Average buying price was near $3,120.
The Peak Value: At one point, the position was worth roughly $172M.
Back then, the conviction looked rock-solid. Now? The sentiment has shifted. It seems this whale is no longer willing to "ride it to zero" and is choosing to cut losses rather than face further downside. 🛑
Whale Address: 0x2824FE10AA823bB3b2c794C0B3D0C2B6601B515A
Is this a sign of a local bottom, or is the big money expecting more pain? Let me know your thoughts below! 👇
