Data: ETH inflows to a certain exchange hit the highest level since July, possibly indicating that whales are preparing to sell.

BlockBeats News, on January 2, CryptoOnchain released data on social media indicating that Ethereum has seen a large-scale capital inflow into a certain exchange, with net inflows surging to 24,500 ETH, marking the highest level since July. Such a significant net inflow usually means more ETH is being transferred to trading platforms, often a precursor to increased selling pressure. This phenomenon may reflect that whales are preparing to sell, or that traders are adjusting their positions for derivatives hedging.

Currently, ETH is consolidating around $2,980, and the increase in exchange supply may limit short-term upside potential. Historically, similar surges in capital inflows have often been accompanied by higher volatility or downward trends. Overall, the current pattern remains short-term bearish, and those holding long positions should remain cautious.