Just came across a piece of news that instantly sobered me up—a legendary Ethereum whale who survived from the ICO era and still holds over 250,000 ETH has been very active lately. In just a week, they transferred 23,000 ETH to exchanges, and rumor has it they're preparing to dump another 3,000. Their cost? $0.31 per ETH. With these recent moves, it's estimated they've pocketed close to $70 million, even conservatively.

Sounds awesome? Let me offer a reality check.

News like this makes even crypto veterans' hearts race. Why? When whales offload en masse, market supply gets thrown off balance in an instant—how could prices possibly stay stable? They got in at ultra-low costs, and now they're cashing out at high prices, clearly capitalizing on market sentiment. Many people seeing this kind of news have the first reaction of, "If whales are leaving, should I sell everything too?"—congratulations, you’re playing right into their hands. When retail investors panic, it triggers a stampede of sell-offs, prices crash, and in the end, it's always the slower, average players who lose out.

So my view is clear: don’t let your emotions lead you around by the nose. For those holding ETH, stay put for now. Spend a few days monitoring on-chain data, see if there’s actually a large-scale outflow of funds, and then make your decision—it’s not too late.

As for the market outlook? In the short term, it’s honestly not looking great. The signal sent by whale sell-offs is obvious—big money thinks we've hit a local top and is locking in profits. ETH’s price may enter a period of choppy decline, which is just the natural result of changing supply and demand.

But looking at the bigger picture, Ethereum’s fundamentals are still intact. The ecosystem is still expanding, and technical upgrades are ongoing. The short-term correction might actually be a window to get back in. But don’t be too quick to bottom fish—