Since yesterday's peak, over 104K ETH in net taker volume has been dumped on the spot market at a major exchange. These aren't limit orders getting filled—pure market sells, one after another. The selling pressure is relentless. Whoever's behind this has completely wrecked the technical structure. The chart? Absolutely destroyed. Every time it tries to bounce, another wave of sell orders slams it back down. This kind of sustained spot selling usually signals either panic liquidation or calculated distribution from large holders. Either way, the price action tells the story: someone wants out, and they want out now, regardless of slippage or chart damage.