Large Wallets Buy ETH as Price Slips Below $1,800

The key tension is between what onchain flows suggest and what they can actually prove: exchange withdrawals are consistent with accumulation, but the data provider's own caveat means the scale of fresh buying remains unverified. That distinction matters for anyone reading large-wallet activity as a directional signal, since withdrawals can reflect custody moves or internal transfers rather than new conviction. The open question is whether the withdrawal pattern persists and later reconciles with price behavior, or proves to be positioning unrelated to the dip.