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Longling Capital Sells 7,000 ETH — Monitor for Short-Term Pressure

Longling Capital’s associated address sold 7,000 ETH (≈ $31.82M). I view this as a notable profit-taking move that could add short-term selling pressure to Ethereum.

While a single large sale doesn’t signal a definitive change in fundamentals, it increases near-term supply and warrants close monitoring of on-chain flows and price reaction.

I’m not exiting long-term exposure based solely on this trade, but I’m more cautious on new entries until I see whether this selling trend continues or if whales recycle proceeds back into the market.

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Analysis

The sale is material relative to typical daily volumes and likely represents profit-taking rather than a structural bearish shift. If followed by additional large outflows or weak price reaction, it c...

Recommendation

Watch on-chain wallet activity, exchange inflows, and immediate price response. Consider trimming short-term positions or waiting for a clearer entry signal rather than initiating new longs now.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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