Large holders cashed out ahead of Ethereum ETF launch
Summary
The Ethereum (ETH) market is preparing for the debut of spot ETH ETFs. Despite recent price stagnation, there has been a significant increase in ETH realized profits, indicating that large investors are selling. Data from Glassnode shows a jump in realized profits from $144.598 million to $747.311 million almost instantly. Wallets holding between 10,000 to 100,000 ETH have seen a significant sell-off.
