The "whale that previously borrowed cryptocurrency to short sell 66,000 ETH" bought back 16,937 ETH, worth $53.91 million.

The post 45,000 ETH Daily Exodus Shakes Market appeared on BitcoinEthereumNews.com. Are Ethereum’s most loyal supporters losing faith? Recent data reveals a startling trend: long-term Ethereum holders selling their assets at the fastest pace since December 2021. As ETH prices declined from their late August peak, investors who held the cryptocurrency for 3 to 10 years are now liquidating approximately 45,000 ETH daily based on a 90-day moving average. Why Are Ethereum Holders Selling Now? According to on-chain analytics firm Glassnode, this represents the highest level of selling activity from this particular cohort in nearly two years. These aren’t day traders or short-term speculators – these are the investors who weathered previous market cycles and believed in Ethereum’s long-term potential. Their decision to sell now raises important questions about market sentiment and future price direction. Understanding the 45,000 ETH Daily Exodus The scale of this selling pressure is significant. Consider these key points: 45,000 ETH represents approximately $70 million in daily selling pressure This selling comes from holders with 3-10 year investment horizons The 90-day moving average smooths out temporary fluctuations This marks the highest selling level since the 2021 market peak What Does This Mean for Ethereum’s Future? When long-term Ethereum holders selling accelerates, it typically signals several market dynamics. First, it indicates profit-taking after significant price appreciation. Second, it may reflect concerns about upcoming market conditions or regulatory developments. However, it’s crucial to remember that market bottoms often form when weak hands capitulate and strong hands accumulate. Historical Context of Ethereum Holder Behavior The current selling pattern mirrors December 2021 activity, which preceded a substantial market correction. However, market conditions today differ significantly. Ethereum’s ecosystem has matured, with growing institutional adoption and technological improvements. The fundamental value proposition remains strong despite short-term price pressure from Ethereum holders selling their positions. Actionable Insights for Crypto Investors For current investors, this…

PANews reported on November 14th that a new report from Matrixport indicates Bitcoin has entered a "mini" bear market phase, with multiple trends and on-chain models having previously issued warning signals. The report points out that the market lacks upward momentum, ETF inflows have weakened, institutional investors have reduced their exposure, and the lack of catalysts in the macroeconomic environment has led to a significant decline in Bitcoin prices. Future market trends will heavily depend on the Federal Reserve's policy decisions. The market is currently at a critical juncture, and attention should be paid to whether structural levels and macroeconomic triggers will lead to a deeper correction or a bottoming-out phase.

PANews reported on November 14th that Ki Young Ju, founder and CEO of CryptoQuant, stated in an article on the X platform that the average cost for Bitcoin investors who entered the market over the past 6 to 12 months is around $94,000. He said that a bear market cycle can only be confirmed when the price falls below this cost range, and it is not advisable to draw conclusions prematurely at present; it is better to remain on the sidelines and wait and see.