2025-12-24 13:21:48

Today, I noticed a noteworthy on-chain movement.

An old player from the BTC era transferred 100,000 ETH from an ancient address to an exchange in a single transaction, with a market value approaching $300 million. Such a large-scale operation is unlikely to be a casual transfer.

**Market Interpretation**

In terms of timing, this transfer occurred around Christmas, during a period of relatively low market liquidity. For top-tier whales like this, choosing a less liquid period usually indicates an intention to quickly cash out without overly impacting the price — a relatively rational exit strategy.

Large funds reducing their positions at a high point send a signal that should not be simply interpreted as "manipulation," but rather as genuine profit-taking. For short-term ETH sentiment, this is clearly a bearish factor. When whales start to exit, it often triggers follow-on selling pressure, accelerating the existing downtrend.

**Technical Analysis**

Looking at the 4-hour chart, multiple technical warning signals have already appeared. Comparing the current price fluctuations with the analysis framework from this morning, the overall rhythm aligns with expectations. This large on-chain movement combined with technical signals increases the short-term probability of a bearish trend.

For holders, this is a risk alert that deserves serious attention.

BTC-0.2%

ETH0.11%

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PumpBeforeRug

· 6h ago

100,000 ETH dumped into the exchange at once. This guy really wants to run... He chose a time with weak liquidity very precisely, just worried about attracting attention.

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AllTalkLongTrader

· 6h ago

Damn, this old guy is really ruthless. Moving an ancient address by 100,000 ETH, it seems like he's definitely going to sell. Whale runs away, retail investors cry, I've seen this routine too many times. Christmas dump? That's old news, but this time it actually aligns with technical analysis a bit. 100,000 ETH, if I had just one, I wouldn't be here bragging haha. So when exactly is the buy-in? Give me a clear signal. Real cash-out intentions vs market sentiment, this time it might really drop. I'm betting five bucks.

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AltcoinHunter

· 6h ago

100,000 ETH dumped into an exchange at once? Bro, are you trying to harvest the leeks or are you really planning to run away... The whale's sell-off signal is so obvious, retail investors are still dreaming of 100x returns. Big funds have already made their plans, and small retail investors like us shouldn't expect to escape the top. To be honest, this wave is indeed a bit risky, but a good opportunity always comes during a decline. Technical analysis combined with on-chain data suggests that the short-term outlook is bearish, and you should consider stop-losses on your holdings.

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MetadataExplorer

· 6h ago

Damn, 100,000 coins. This guy must be really short on cash, rushing to cash out before Christmas?

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GasFeeWhisperer

· 6h ago

Whoa, 100,000 ETH directly dumped on the exchange. This guy is really about to run away. I need to reduce my position this time. When whales move, everyone follows, don't be the last to take the bait. Selling during Christmas? That's tricky. Moving when liquidity is at its worst. The 4-hour chart does look a bit strange, but no matter how you analyze it, it seems like they're trying to scare us. Even veteran players of ten years have already left. Why am I still stubbornly holding on here?

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JustAnotherWallet

· 6h ago

100,000 ETH, this old guy is really ruthless, directly dumping on the exchange... Selling during low liquidity, honestly just don't want to crash the market, right? --- Whale movements are signals, and this wave really should reduce some positions, don't wait to be dragged down by retail investors behind. --- Wait, selling around Christmas... feels like testing the depth, we've all been seen through. --- A order of 3 billion USD, this wave clearly signals an exit, the probability of a short-term explosion is quite high. --- A one-time transfer of 100,000 coins, only seasoned players have the guts for that, we don't even have a fraction of that. --- Technical analysis combined with on-chain movements, this combo really makes ETH dangerous, friends looking to buy the dip should be careful. --- Basically, big players are cashing out, we should think about where our stop-loss points are. --- Old whale is starting to escape again, every time this happens, it's never a good sign, lessons learned.

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