Ethereum Foundation has recently been selling ETH again.

In the latest transaction, the Ethereum Foundation sold approximately $22.9 million worth of $ETH ‌
The total amount sold so far has reached about $56.52 million.

Interestingly:

On one side, the foundation continues to sell coins,
On the other side, some people are frantically buying.

Vitalik Buterin is reducing his holdings,
While Bitmine, associated with Tom Lee, keeps buying.

Market divergence is becoming more and more apparent.

What’s more intriguing is:

On-chain data shows that Bitmine seems to have completed payment nearly 24 hours before the ETH actually arrived.

This kind of operation is not uncommon in traditional markets,
But on the blockchain, it still makes many start to speculate:

* Is it an off-chain agreement?
* Or is there enough confidence in the subsequent market trend?
* Or is it just a large institutional transaction process?

The current ETH market is actually very similar to:

Some believe it’s not over yet,
Some have already started betting on the next round in advance.

And the real factor that determines the direction,
Is never whether people are bullish or bearish,
But who has more money in their hands.