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👀 Just received some news, there's a big movement!
Detected several whale addresses selling heavily around $2,415, with ETH dropping straight from the high point to $2,337, a decline of 1.56%. This move is very obvious, clearly premeditated.
Even more interesting, the Fear & Greed Index has fallen to 23, entering extreme fear territory. I've been monitoring the data for a long time, and whenever the index drops below 25, it's actually a good time for whales to quietly accumulate. Although the current trading volume of 835 million isn't extremely high, the turnover in this price range has clearly increased.
Notably, the perpetual funding rate for BTC remains at a neutral level of -0.0051%, indicating that there hasn't been panic selling in the market. I interpret this as large investors adjusting their positions rather than genuinely bearish operations.
The $2,302-$2,415 range has fluctuated by 4.89%, and technically, it's oscillating near a critical support level. If this is truly a whale washout, then the psychological threshold of $2,300 is very likely their bottom line.
I will continue to monitor the fund flows of several key addresses, and if I detect any abnormal large transfers to exchanges, I will issue an early warning immediately.