[Data: ETH Accumulation Addresses Increased Holdings by 2.5M ETH in February, Over $2 Billion in Short Positions Clustered Around $2,000] BlockBeats News, February 25: According to CryptoQuant data, the average size of ETH whale sell orders on Binance has dropped from approximately 2,250 ETH in early January to around 1,350 ETH recently. Based on an estimate of 15 to 35 whale-level transactions per day, the cumulative sell volume since January 8 is approximately 1.8 million to 2 million ETH. At an average price of $2,400, this corresponds to large transactions worth approximately $4.3 billion to $4.8 billion. Analyst Darkfost stated that the decline in average order size indicates that 'large participants are gradually exiting,' while smaller traders are maintaining stable trading volumes. The reduction in direct interaction between large players and the order book has temporarily weakened market depth, reducing the ETH market's ability to handle short-term price imbalances. Meanwhile, during the approximately 20% price drop in February, ETH accumulation addresses increased their holdings by over 2.5 million ETH, with total holdings rising from 22 million ETH at the beginning of the year to 26.7 million ETH, indicating stable demand beneath the surface. Futures market liquidation data shows that over $2 billion in short positions are clustered around the $2,000 level, forming a dense liquidity zone that could act as a short-term magnet for ETH prices. If ETH declines to $1,600, approximately $682 million in long positions would be at risk.