Large $ETH whales including Trend Research just moved roughly $1.8B worth of Ethereum into Binance. Historically, this kind of exchange inflow often precedes selling, which can add extra pressure when the market is already fragile.
This move follows a failed leveraged long position, forcing some institutions to de-risk and trim exposure. With supply still building on exchanges, $ETH may face continued short-term downside risk. 👀📉