Whale Realizes $11.8M Profit Selling 5.3k ETH — Watch for Short-Term Pressure

I note an address sold 5,299.5 ETH at an average price of $4,453, realizing roughly $11.84M in profit. This looks like classic profit-taking after a rally rather than a distressed liquidation.

I view this as a watch signal: the sale is large but small relative to overall market liquidity, so it may cause short-term pressure around the $4.4k–$4.6k area but is unlikely to trigger a sustained downtrend on its own.

I will monitor subsequent on-chain flows and order-book activity; repeated large distributions at similar levels would raise the odds of further weakness, while absorption by buyers would confirm continued strength.