OTC whale 0x8c58 sold 42,005 ETH valued at about $111.89 million, reducing its holdings to 9,996 ETH worth roughly $26.8 million, according to Lookonchain. The transaction coincided with a broader crypto selloff that cut total market capitalization by 3%, while Ethereum fell from $2,788 to $2,635 before recovering to $2,692 at the time of reporting. Ethereum liquidations reached $114 million, including more than $96 million in long positions, CoinGlass data showed. Whale activity appeared mixed: the reported number of accumulating whales reached 211, while 219 were selling. Exchange netflows also turned positive at 10,600 ETH after five consecutive negative days, suggesting more ETH was moving onto trading venues. Analysts cited in the report viewed a decisive close above $2,700 as a technical threshold for a potential move toward $3,000.