On-chain data shows that during the price correction, some early holders are choosing to take profits. According to Lookonchain monitoring, a certain Ethereum OG whale unstaked and sold 7,302 ETH at an average price of $2,073 over the past 2 hours, worth approximately $15.14 million. The whale originally deposited ETH into Lido about four years ago at an average price of $1,522 and received 860 ETH in staking rewards. This operation realized a total profit of about $5.33 million. Such profit-taking behavior by early participants often exerts short-term pressure on market sentiment, but also indicates that the current price levels are attractive for long-term holders to realize gains.

Meanwhile, institutions like BitMine continue to accumulate, with total holdings reaching 4.66 million ETH (accounting for 3.86% of circulating supply), forming a stark contrast between "institutional buying vs. early whale selling."

Key Points
Selling Event: OG whale unstaked and sold 7,302 ETH ($15.14 million) at an average price of $2,073.
Profit Scale: Four years of holdings yielded $5.33 million in profit, with a notable annualized return.
Market Signal: Early profit-taking vs. institutional contrarian accumulation, intensifying the game of chess. $ETH