Why Ethereum’s current 35% whale sell-off may be its most bullish signal
A 35% Ethereum correction is seen as bullish because it forces liquidations and profit-taking, allowing institutional buyers to absorb supply for long-term staking.Summary
Ethereum has experienced a sharp correction of over 35% since October 6th, leading to a crisis of conviction marked by liquidations and selling from long-term holders (3-10 years) taking multi-cycle profits. This selling pressure is being met by a structural accumulation trend from institutional treasuries, such as BitMine and SharpLink, which are programmatically absorbing ETH supply to build large, long-term, yield-generating reserves, effectively removing supply from the volatile market. This redistribution of ETH from short-term, reactive hands to strong, programmatic holders is viewed by strategists like Tom Lee as a necessary phase of an emerging ETH “supercycle,” similar to Bitcoin's trajectory, as Ethereum solidifies its role as the primary settlement layer for the global digital economy.
(Source：CryptoSlate)