Whale Sells 5,299.5 ETH, Locks $11.8M — Monitor for Short-Term Pressure

I note that a single address sold 5,299.5 ETH at an average price of $4,453, realizing about $11.84 million in profit. This is a material on-chain transfer and represents significant profit-taking by a whale.

I view this as a potential source of short-term selling pressure — the market may absorb the supply without major impact, but if other holders follow, price downside could ensue.

I will monitor on-chain flows, exchange inflows, and price reaction before taking a trading stance; a meaningful dip could present a buying opportunity, while sustained outflows would raise caution.