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Whale Selling Pressure Weighs on Ethereum Price

Guavy AI Editorial Team Published September 13, 2026

Instruments

ETH BNB

Ethereum's price experienced significant volatility after Wintermute transferred 61,847 ETH worth $160.3 million to Binance and Coinbase.

This large transfer raised concerns about potential selling pressure on Ethereum's market.

However, exchange supply of Ethereum is at a multi-year low, suggesting that fewer coins are immediately sellable.

Despite this, whale holders are distributing ETH, maintaining selling pressure and causing price weakness.

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