2026-01-20 02:20:49

Just came across some quite interesting on-chain data. FG Nexus, a company managing Ethereum assets, liquidated 2,500 ETH today, roughly equivalent to about $8.1 million. After this wave of selling, they still hold 37,594 ETH, valued at around $120 million.

Interestingly, this isn't their first move. Back in November 2025, they made a large transfer to Galaxy Digital—over two days in mid-November (the 18th and 19th), they moved nearly 11,000 ETH, worth approximately $336 million. Now, they are doing this again, seemingly adjusting their Ethereum position in a planned manner.

The holdings changes of such large investors have always been a market indicator that participants pay attention to, so it's worth watching the subsequent developments.

ETH-6,46%

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GateUser-4745f9ce

· 11h ago

Selling so much, are you really treating ETH as an ATM? No, that doesn't quite add up... First dumping to Galaxy Digital, now liquidating? Remaining valuation of 120 million, quite bold. For big investors' moves, just watch and don't overinterpret. Basically, it's just portfolio rebalancing, it smells too much like cashing out. With this pace, do you think there will be more downward pressure later?

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¯\_(ツ)_/¯

· 01-20 02:48

Selling 2,500 ETH still leaves over 37,000, this move is really incredible... Big players are adjusting their positions, gotta keep a close eye Galaxy just took a 336 million order, and now they're back? Feels like they're testing the market This pace... are they waiting for the bottom? Still holding 37,594 ETH, really bold I can't quite understand the logic behind this move haha Is this a sell signal or just a chip? A position worth 120 million USD, every move is in the tens of millions, can't keep up Such frequent adjustments must have internal logic Following big players is never wrong

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GasWaster69

· 01-20 02:47

Starting to move again, is this guy slowly withdrawing or what operation is this --- Position of 1.2 billion USD, just run when you want, this courage is really big --- I still remember the transfer of Galaxy, now they are doing the same thing again, it feels planned --- Large investors reducing positions usually isn't a good sign, need to keep a close eye --- 2500 ETH, just sell it off, this amount is an astronomical number for ordinary people --- Is someone dumping the market, or is it just a position adjustment, hard to say --- This rhythm looks like gradually clearing out, not a one-time event --- Small investors fear this kind of big player sneaky operation the most, without warning --- Wait, 37594 still left? This is still called clearing out? --- Another big player and transfer, is the market about to change?

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Blockchainiac

· 01-20 02:45

Whales are rebalancing again, this rhythm is quite interesting. FG Nexus is selling in a calm and steady manner this time, it feels like there is a plan. It's Galaxy Digital again, these two are quite closely connected. Following the big players' moves, I should wake up too. The 120 million position is still in hand, no real liquidation at all. This is the smart way to reduce holdings, take it slow. Looks like they are trying to dump the market? Something's off, everyone. Are whales fleeing from Ethereum? Getting a bit panicked.

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MEVSandwichVictim

· 01-20 02:44

They're at it again, these institutional guys are really clever. Whenever the big players move, I get nervous, afraid of being cut. Clearing 2500 coins? That's really outrageous, I could never accumulate that much in my lifetime. The market is so big and they're still adjusting their positions, what does that indicate? It's true that following big players can be profitable, but following them can also lead to poverty. Doing such large operations twice in just over a month, it feels a bit unstable.

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CodeZeroBasis

· 01-20 02:40

Hmm... the big players are at it again, and this time their move is quite significant. This strategy looks like they are clearing out their positions, a bit cowardly. With 120 million in positions left, they really are confident. Wait, are they hedging? Or are they truly bearish? Why do I feel like all the big players are acting at the same time... Clearing 2,500 and still having so much left, this guy has never been afraid. Honestly, it's just a way to harvest the retail investors, don't follow the trend.

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FlatTax

· 01-20 02:38

Whales are rebalancing again, it looks like ETH is about to change Wait, they still have a position of 120 million USD? What are they doing The transfer from Galaxy Digital is interesting, this pace seems like they are creating a new gameplay Clearing 2,500 units and making 8.1 million, so jealous This move feels like paving the way for the big move next The key is how it will develop later, we need to keep a close watch Whale money is smarter than ours, following their lead is the right choice

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