Fresh on-chain tracking shows a whale moved 5,100 ETH, worth roughly $9.59M, to major exchanges within the past hour, including 2,440 ETH sent to FalconX.
The timing is what makes this interesting.
Bitcoin and Ethereum are already trading cautiously ahead of today’s U.S. CPI release, while derivatives activity has fallen sharply even as open interest remains elevated—a setup that could amplify liquidation-driven volatility.
An exchange deposit doesn’t guarantee selling, but a whale moving millions in ETH onto trading venues right before a major macro catalyst deserves attention.
👀 Watch $ETH volume after CPI: whale sell-off incoming, or will buyers absorb it?
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