Whales Show Mixed Signals

[kevin1]

Despite retail losses, whale activity is split: some are selling millions of ETH, like Grayscale’s $53.8M transfer to Coinbase, while others accumulate off-exchange, withdrawing large amounts from Kraken, BitGo, and Galaxy Digital.
Analysts suggest this indicates preparation for a major market move, with low exchange utilization hinting at potential accumulation rather than panic selling.

[Rimon Khan]

Mixed whale signals Grayscale moves $53.8M ETH to Coinbase while others pull big chunks off exchanges. Looks more like quiet accumulation than panic.

[Nahid Hossen]

Retail bleeding, but whales playing both sides Low exchange usage + off-exchange withdrawals hint a big move is loading.