Several Ethereum whales and institutions have recently reduced their holdings, although buying pressure remains dominant. Trend Research offloaded 79,000 ETH, valued at $250 million, at an average price of $3,140 to deleverage. Another entity, which previously profited $30.45 million from Ethereum trades, sold 30,000 ETH at an average price of $3,204, totaling $96.13 million. On July 14, a trader liquidated 16,677 ETH at $3,051 each, converting to $50.88 million USDT, but subsequently incurred a $9.55 million loss by shorting ETH. Additionally, a whale sold 18,000 ETH at $3,059, converting to $55.34 million USDT on the same day.