ETH Whale: $130M Bitfinex Deposit After Rally

ETH whales that accumulated 124,021 tokens at $2,028 three years ago executed fresh profit-taking, routing 48,048 ETH ($130 million) to Bitfinex within the last hour after the token printed fresh highs near $2,725.

Over the past two days the same entity offloaded 81,228 ETH at an average $2,669, locking in $52.07 million in realized gains on the original position. Institutional flows of this size often mark local distribution rather than capitulation.

Price action on the 4h chart shows ETH testing upper Bollinger Band resistance at $2,719.98 while RSI(14) sits at 74.29 in overbought territory and MACD maintains its golden cross at 44.82; with the 50-EMA support anchored at $2,551.78, a measured pullback toward that level appears probable before any continuation higher, consistent with typical post-whale distribution pauses seen in the last twelve months.