A 4-year ETH holder has capitulated, depositing all , (~$.) to Coinbase Prime after holding through a % from $4,311. The whale received the full stack 4 years ago at $4,311 and never sold. With ETH at $1,777, the position is down $.. The deposit to an institutional execution venue signals a planned sale, not an accidental transfer. : This is textbook exhaustion-driven capitulation — a 4-year holder giving up after a 59% loss. These forced exits often mark local bottoms, but they also add immediate supply pressure. The signal is doubly interesting because whale accumulation was seen earlier today: the market is seeing smart-money buying and long-term-holder capitulation simultaneously, a classic bottom-formation pattern. Watch whether this deposit converts to active selling and whether other long-term holders follow. ETH sits at $1,777; the $16.7M deposit is modest relative to daily volume but sentiment-relevant as a psychological marker. https://(arkm.com)/explorer/address/0xFe99501DF2f0001EeebB77F9683751C044C668E3 source: lookonchain Track real-time signals & trade → https://(hupzy.com)/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=1360