According to Lookonchain, an ETH whale capitulated by selling 7,000 ETH worth $16.88 million at a significant loss, impacting Ethereum price sentiment. The whale had previously withdrawn 13,479 ETH (valued at $48.82 million) from Binance at an average price of $3,622 between December 5, 2024, and January 13, 2025. After the sale, the wallet still holds 6,479 ETH ($15.66 million), totaling a realized loss of $16.28 million. This large-volume sell-off may contribute to downward pressure on ETH prices and reflects bearish sentiment among large holders, signaling caution for traders monitoring support levels and whale activity (Source: Lookonchain, Twitter, May 19, 2025).