Ethereum whale moves 8010 ETH worth $15.11M to Binance, realizing $10.82M loss from $2918 entry, with ETH at $1853.41 on 4h bearish structure.

According to @glassnode, the SOPR by Age for sub-3-month holders is hovering at 0.96–1.01, indicating mild loss realization, source: https://twitter.com/glassnode/status/1958572908650893674. @glassnode notes that local bottoms often form when this cohort capitulates, typically when SOPR drops below about 0.9, source: https://twitter.com/glassnode/status/1958572908650893674. Trading takeaway: monitor short-term holder SOPR for a sustained break below 0.9 as a potential bottoming signal, while 0.96–1.01 reflects ongoing pressure and mild loss-taking, source: https://twitter.com/glassnode/status/1958572908650893674.

According to glassnode, panic-driven selling has intensified, with Bitcoin's STH-SOPR spiking well below the break-even level of 1. This signals fear and loss realization among recent buyers, indicating a potential oversold condition in the market.