🚨 LARGEST ON-CHAIN $ETH LONG POSITION BEGINS HEAVY PROFIT-TAKING AT KEY LEVELS 🦈
Entry: 2,340.86 ⚡
On-chain tracking reveals that the primary wallet behind Ethereum's largest leveraged long entity has officially begun distributing into strength. 🦈 A massive 14,000 $ETH tranche worth $34.15M was offloaded directly, signaling local profit-taking after holding an average entry of $2,340.86.
The institutional desk still holds approximately $25.24M in remaining position value with $1.83M in unrealized gains. 📊 This calculated scaling strategy highlights how smart money manages order book depth during macro liquidity sweeps rather than holding blindly into overhead supply. 💡
💬 Do you expect this institutional supply to cap near-term upside, or will market demand absorb the remaining float? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ETH #Ethereum #SmartMoney #OnChain
🎯 🦈
Entry: 2,340.86 ⚡
On-chain tracking reveals that the primary wallet behind Ethereum's largest leveraged long entity has officially begun distributing into strength. 🦈 A massive 14,000 $ETH tranche worth $34.15M was offloaded directly, signaling local profit-taking after holding an average entry of $2,340.86.
The institutional desk still holds approximately $25.24M in remaining position value with $1.83M in unrealized gains. 📊 This calculated scaling strategy highlights how smart money manages order book depth during macro liquidity sweeps rather than holding blindly into overhead supply. 💡
💬 Do you expect this institutional supply to cap near-term upside, or will market demand absorb the remaining float? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ETH #Ethereum #SmartMoney #OnChain
🎯 🦈