Ethereum just flipped the script. After 20+ days under 3.2k, bears were wiped out as three straight liquidation sweeps cleared major liquidity zones.
Whales jumped back in with multimillion entries, including fresh 10M DAI buys and Machi adding a 29M long. Spot buyers followed with 47M in net inflows, confirming momentum is shifting.
When liquidity clears, whales return, and spot demand rises together, it usually marks a local bottom.
$ETH might be gearing up for a strong reversal from here.