A major ETH position shift just occurred: 3,682,410.08 in ETH liquidated at $3,280 on January 16. This move sparked discussion about market timing and whale behavior.

The trade pattern is telling. After prices dipped, someone loaded up—then came the dump. It's the classic scenario playing out again: buyers step in at support levels, only to face selling pressure that suggests coordination or strategy among larger holders.

What does this mean for the market? When you see this kind of volume move at key price levels, it often signals that whales are testing buyer strength. If they bought the dip and now we're seeing them exit, it could indicate they're doubtful about immediate upside. Or it could be profit-taking on a tactical bounce.

For traders watching ETH, this is a reminder that size matters. These large trades aren't random—they're signals of where sophisticated players think the market is headed next.