A wallet holding Ethereum since the network’s early years sold 55,000 ETH for about $112.25M and 9,442 wstETH for about $24M over one week. The combined $136M was sold at an average price near $2,041 per ETH. wstETH represents liquid staked ether from the Lido staking protocol, and selling both ETH and wstETH indicates broad exposure reduction. The sales coincide with ETH testing the $2,000 support level after another wallet dumped 20,000 ETH for $41.18M in under an hour. Spot ether and bitcoin ETFs have recorded multi-day outflows, reducing institutional demand and increasing sensitivity to large sellers. Meanwhile, a whale accumulated 21,800 ETH for about $47M, and another address bought back after selling $24.9M in ether.
Read at news.bitcoin.com
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