How is Ethereum’s Price Resilience Reshaping Crypto Payroll and Treasury Strategies?
What happens when whales sell off their Ethereum holdings?
When whales decide to sell off their Ethereum holdings, it can lead to a notable volatility surge. Recently, a whale entity named Trend Research disposed of over 102,000 ETH, which equates to around $455 million in value. Such significant sales usually incite worries about price stability, as large transfers to exchanges commonly indicate an intention to sell. Interestingly, the market showcased extraordinary resilience in the face of this selling pressure, managing to stay above $4,590, possibly due to strong buyer absorption.
The Directional Movement Index, a salient market momentum indicator, is rising, hinting that buyers seem to be regaining control. This suggests that big…
