Approximately 60 Ethereum whale addresses, each holding at least 10,000 ETH, have liquidated their positions over the past two months, according to analyst Alicharts. This significant sell-off suggests institutional profit-taking and asset reallocation, as these large holders leverage recent liquidity to mitigate risk. The reduction in whale numbers coincides with increased fund inflows to exchanges, indicating a cautious market sentiment. Analysts warn that Ethereum's $2,000 support level is under scrutiny, as the short-term market outlook remains bearish.