The Ethereum (ETH) market has recently experienced a significant flow of funds. The latest data shows that on August 12, the realized profit of Ethereum reached an astonishing $1.742 billion in a single day. This figure indicates that a large number of addresses holding ETH chose to take profits on that day.

Analysis shows that the behavior of large holders is particularly noteworthy. Whale addresses holding more than 100,000 ETH collectively cashed out profits of 835 million USD. In addition, those addresses that achieved returns of 100% to 300% at the current price, specifically holders whose cost basis is between 1200 and 2400 USD, collectively sold ETH worth 630 million USD.

However, the market did not experience a significant decline as a result. The daily inflow of approximately $700 million in ETF funds seems to effectively absorb this selling pressure. This indicates that despite a large amount of profit-taking, the new buying power remains strong, and the market is still able to maintain relative stability.

This balance between large-scale profit realization and continuous capital inflow reflects the complex dynamics of the current Ethereum market. On one hand, early investors tend to cash out at high levels; on the other hand, institutional investors continuously inject funds through channels like ETFs. This game not only affects short-term price trends but may also signal potential changes in market structure.

As the market continues to evolve, investors should closely monitor this flow of funds pattern and its potential long-term impact on the Ethereum ecosystem and the broader cryptocurrency market.