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$ETH Sharp Drop Aftermath: Are ETH Whales Starting to "Show Their Hand"?
**As of June 3, ETH is trading at $1,852, down 4.2% in 24 hours** — briefly breaking below the $1,900 level, hitting a three-month low.
The pullback is largely attributed to "biggest bull" Strategy's reduced holdings and 15 consecutive days of net outflows from ETFs, pushing market sentiment into "fear" territory.
However, divergent signals are emerging amid the extreme move:
· ETFs: Still bleeding, with BlackRock and others seeing over $90 million in outflows yesterday;
· Whales: Buying openly. BitMine added 25,000 ETH (~$47.98 million) during the drop, and its chairman Tom Lee even reiterated a long-term target of $250,000, calling the current level "bottom territory."
Institutions are pulling back while whales are bottom-fishing. At today's ETH prices, are you fearful or greedy?
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Cryptos tendance
BTC/USDTBitcoin
$64 489-2.40%
ETH/USDTEthereum
$1 820,53-0.91%
SOL/USDTSolana
$71,7-2.20%