In the past two months, 60 ETH millionaires have exited the market, indicating a lack of mid-term confidence

According to analyst Alicharts, in the past two months, about 60 whale addresses holding at least 10,000 ETH have completely liquidated their positions. Alicharts states that when different entities holding millions of dollars in positions exit the network within such a short time frame, it usually indicates profit-taking and asset reallocation by institutions. These big players are taking advantage of recent liquidity to reduce risk, reflecting a clear lack of confidence in the mid-term outlook. Furthermore, the decrease in the number of giant whales aligns perfectly with the recent influx of large amounts of funds into exchanges. Data shows that the path of least resistance in the short term will still be downward. Therefore, attention needs to be paid to the support at $2,000 for Ethereum.