- Ethereum whales have now completed two major rounds of profit-taking.
- Large-scale ETH distribution often signals short-term price hesitation.
- While no crash is predicted, short-term upside may be limited unless sentiment shifts.
New numbers from CryptoQuant are raising eyebrows—Ethereum whales are, once again, taking profits. And not just a little off the top. This is the second round of large-scale selling in a relatively short time, and it’s got traders wondering if the recent rally’s starting to lose steam.
According to the data, wallets holding over 100,000 ETH (yeah, the big boys) have already completed two full profit-taking events. These aren’t casual flips—they’re structured exits. And when whales start unloading, it usually means they think the current price is good enough to walk away from… at least for now.
What This Means for the Market
The trend is pretty clear: major players are dialing down their exposure, locking in gains while prices are still decent. That doesn’t necessarily scream panic—it just suggests they’re not betting on another huge leg up right away. And honestly? It’s not uncommon behavior after a strong move upward.
But here’s the thing. When whales offload large chunks of ETH, that kind of volume can weigh down the market. It adds selling pressure. And even if retail sentiment stays bullish, it’s tough to fight that kind of momentum on the other side.
Price Drop Incoming? Maybe… Maybe Not
The report doesn’t go full doomsday—it doesn’t flat-out say Ethereum’s going to crash or anything. But it does push a clear message: if you’re expecting ETH to suddenly moon again this week… maybe pump the brakes a little.
Investors will be watching closely. If whale distributions continue, it could cap short-term gains. But if the selling dries up and ETH holds steady? That might be a sign that the worst of the pressure has passed. Either way, it’s shaping up to be an interesting few weeks.
