Ethereum drops 3% as whales move 63,000 ETH to Binance, signaling potential selloff

Ethereum's price fell nearly 3% to around $2,280 amid large transfers of over 63,000 ETH by major holders to Binance, suggesting possible upcoming sell pressure. Whale accumulation has decreased by 21.5% since October 2025, indicating reduced confidence among large investors. Meanwhile, futures open interest hit 14.85 million ETH with growing bearish positions, reflecting pessimism in derivatives markets. Without renewed demand from institutions or retail investors, Ethereum is likely to continue underperforming and face further downside risks below key support levels.