The latest on-chain data shows:

👉 The Ethereum Foundation at an average price of approximately $2,221
👉 Sold 5,000 ETH
👉 In exchange for about $11 million DAI
Such operations often send two signals:
To allocate funds at a cyclical high
Or to prepare liquidity in advance for future expenses and positioning
The key is not how much they sell,
But—
Where they choose to act.
Some actions may seem like routine operations,
But when viewed in the cycle, it’s a different story.
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