Everyone, a few days ago, after Bitcoin's treasury started showing signs of activity, ETH also began to reduce its holdings. This is a definite reduction; they sold 21,000 ETH, and it has been exposed. If there are still undisclosed sales, they can actually be seen from the technical charts—ETH has clearly weakened, reminding me of its previous decline. This time, the treasury is providing support.

The treasury company is a burden and also a huge selling pressure. Keep an eye on it. I won't be buying ETH, including trading contracts, because I think it's a "man-eating coin" somewhere between a meme coin and Bitcoin. I don't dare to touch meme coins, fearing losses.

Ethereum's treasury company FG Nexus has reduced its holdings by another 7,550 ETH. FG Nexus has lost $86.98 million from its ETH investments. Last August-September, during the DAT company's hot period, they bought 50,600 ETH at an average price of about $3,940, worth $200 million at the time. After ETH's price dropped, they started reducing their holdings from November. So far, they have sold a total of 21,000 ETH ( approximately $55.69 million ), with an average selling price of $2,649.