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Vitalik nine hours ago authorized 5000 ETH as WETH, then sold off 563.4 ETH (worth $1.32 million) in batches, and may continue to sell the remaining. V God also took advantage of the mid-bull market to sell ETH, which is quite impressive. He is adding insult to injury as ETH is on the decline. If BTC finally drops to around 58,000, ETH will fall to around 1380, and in extreme cases, it could drop above 1100.