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$2,387 per transaction! Ethereum Foundation sells 10k ETH OTC
Latest news shows that the Ethereum Foundation has finally confirmed that it sold 10,000 Ethereum (ETH) to the institution BitMine through over-the-counter (OTC) trading, with an average price of about $2,387 per ETH.
Completing the transaction through OTC channels means that the funds are matched off-chain, which usually does not cause a significant impact on the public market price. This is also one of the common trading methods used by large institutions.
From a structural perspective, such transactions are more about capital allocation and asset circulation rather than direct market selling pressure signals.
In the crypto world, many important changes often do not occur on the candlestick chart but are quietly completed within the flow of funds.
Truly mature investors are not just looking at price fluctuations but learning to understand the logic and rhythm behind the market.