- Ethereum Sleeping whale sold more than $ 1.29 million in ETH, but still has $ 20 million.
- Stretch in short liquidations and shrinking exchange inflows may indicate a short squeeze and ETH meeting.
A Ethereum [ETH] Whale, sleeping in the past two years, has just sold 501 ETH – WORTH about $ 1.29 million – in the past hour.
Despite this step, the wallet still has a considerable 8,052 ETH, worth around $ 20.43 million, according to the tweet of a well -known analysts. This activity is in line with a wider trend of whale accumulation.
Although the ETH price has remained in the last month of reach, recent movements can signal the preparation for a potential rally by large holders.
Source: Cryptuquant
Ethereumwalvissen gather as short liquidations explode
On-chain statistics have reported a peak in whale buying orders in recent days. The pattern of accumulation corresponds to escalating short liquidations in the derivatives market – a signal that short sellers are pressed.
On June 13, Ethereum witnessed the largest short liquidation of the month – $ 1.7 billion. The momentum took place on June 16 with an extra $ 753.72 million in short liquidations.
This wave of forced closures has created the ideal conditions for a potential short squeeze. Since these positions are liquidated, the resulting increase in buying pressure can help stimulate ETH prices higher.
Source: Cryptuquant
Alternating current drop when sales pressure cools
Another positive signal decreases Ethereum’s inflow into centralized exchanges, a signal of taking sales pressure. The trend can be another signal to give back the trust of investors, especially because whales double on accumulation.
The decreasing inflow levels also reduce the short -term pressure from the sales side, another shot in the arm to the possible expansion of the price should continue to rise.
Source: Cryptuquant
A previously sleeping whale has started with the realization of profit, the generation of broader whale activity and market liquidations – signals that a potential rally is possible.
The combination of rising short liquidations, falling inflow of the exchange and growing accumulation by large holders points to Ethereum who may prepare for an outbreak.
Since ETH stays in a consolidation phase, market guards ask: is this the calmness before the next major movement of Ethereum?