According to @lookonchain, large holders, including institutions and whales, appear to be selling Ethereum (ETH). A whale with the address '0x6229' deposited 19,557 ETH, worth approximately $48.14 million, to Binance an hour ago. Additionally, Metalpha transferred 10,000 ETH, valued at $24.5 million, to Binance two hours ago. These significant deposits suggest ongoing selling pressure on ETH.