Ethereum Flashes $478M Buy Signal, But Top Traders Are Betting Against It
Ethereum is flashing a massive $478 million buy signal as net exchange outflows hit a seven-day high. This supply-side movement is currently running five times above the historical average, a metric that Nansen data suggests is a classic sign of institutional-grade accumulation.
Despite this bullish indicator, a significant divergence is emerging among elite market participants. Top-PnL wallets have offloaded a net $64 million in ETH over the past week, signaling that while supply is tightening, the most profitable traders are bracing for potential failure or further volatility.
However, Nansen's data complicates that bullish reading. Top-PnL wallets sold a net $64 million over the past seven days, suggesting that the most successful investors are taking profits even as the available supply on exchanges continues to dwindle.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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