{"content":"🚨 $ETH Whales Dump $27M as Deribit Flashes Bearish Ethereum’s flow has shifted hard, and it’s impossible to ignore. Whales just locked in $27M in profits while Coinbase Prime Custody saw $23M in outflows, a combination that puts clear selling pressure on the market. Cumberland and FalconX have been active in absorbing size, but the direction still feels heavy. Deribit data only adds to that picture. Funding flipped to -0.0357 and implied volatility spiked, showing that traders are positioning for turbulence and leaning toward the downside. After ETH’s recent strength, this looks like big money using momentum to cash out rather than extend exposure. There are still pockets of conviction—wallet 0x8cAB…8584FB pulled more than $50M from OKX, and even a Bitcoin whale rotated capital into $ETH —but these moves are exceptions, not the trend. The majority of flows point to profit-taking and short positioning. From where I stand, ETH isn’t in collapse mode, but the weight of outflows and derivatives bias suggests caution. The market feels primed for volatility, and unless fresh accumulation steps in, the path of least resistance looks lower in the near term.","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/30/99c99d3ddd5e4ebb9a2052a4b59ad7f0.jpg"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}