#数字资产市场动态 ⚠️ On-Chain Major Activity Monitoring: Millions of Dollars in Transfers Incoming

Just now, on-chain data showed abnormal activity related to a major exchange address—154,000 $ETH transferred in a single transaction, equivalent to about $450 million. This is not a regular transfer; the scale clearly indicates a large holder's behavior.

What’s more noteworthy are the underlying numbers. The $ETH holdings in this wallet, according to monitoring results, have an unrealized loss of up to $3.5 billion. In other words, this is a major holder heavily trapped.

Two facts are in front of us: first, transferring out such a large amount of coins; second, still holding huge unrealized losses. Market voices are now pondering—what does this really mean? Is it a plan to gradually sell off to cut losses, or to reposition elsewhere?

From the perspective of market sentiment, the actions of large holders often serve as signals. Especially at such a time:

▪ The Federal Reserve injected $17 billion in liquidity recently, providing some market support
▪ BlackRock has also been selling, reducing holdings by $242.7 million
▪ Liquidity growth is expected to hit a new high in 2026, with long-term logic still in place

But if large holders can’t withstand the losses and start to act, what impact will this have on the emerging bull market narrative? Short-term emotional fluctuations are inevitable. The future trends of assets like $ZEC and $ETH need to be closely watched.

What do you think about this signal? Is it a concern or an opportunity?