Ethereum holders are all massively buying:

It probably means that exchange reserves are being sold. The dump is being bought by everyone.

On the other side very big holders (from 100K to 10M ETH) are being liquidated. They need to liquidate ETH in order to replenish liquidity. So they are doing it.

There is very massive a risk addressing activity. The crypto market realized risk.

If you want to see one chart, see how people withdraw from exchanges, this is the chart.

Exchange balances (supply ETH on exchanges also) also decreasing, everything goes to private wallets:

Now everyone learned, you need to be your own custodian.