WHALE CUTS LOSSES ON
$ETH AND $CBBTC – EXCHANGE INFLOWS SURGE! 🚨🦈
📊 A massive OTC whale has started moving assets to exchanges again. This wallet previously scooped up 163,405
$ETH (~$440M) at $2,691 and 4,000 $cbBTC (~$296M) at $74,004. 🐋 Just two hours ago, they deposited 330 cbBTC (~$24.3M) and 12,000 ETH (~$27.4M) to top-tier exchanges.
💡 Here’s the kicker: cbBTC is now hovering near break-even, but ETH still sits in the red. That tells me this isn’t profit-taking — it’s damage control. The whale is cutting losses again, which could trigger local selling pressure across both assets. 🌊 Watch for liquidity sweeps beneath key support as these flowing coins hit order books.
❓ Do you think this signals a deeper pullback for ETH, or will dip-buyers absorb the supply? 💬
⚠️ Not financial advice. Always manage your risk. 🛡️
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#ETH #cbBTC #WhaleWatch #SellingPressure #Crypto 🐻 🦈