ETH is currently hovering around 1990 USD, and the key support level sits near 1868 USD. With MVRV at 0.8, that zone historically marks macro accumulation bottoms. We are not far from it. Last night, Bankless co-founder David Hoffman publicly explained why he sold ETH. He didn't say he lost faith in the Ethereum network. Instead, he argued that the room for ETH to be aggressively revalued as an asset may be shrinking. Interesting timing. While Hoffman separates belief in the network from belief in the asset, on-chain data tells a different story. According to AiCoin, a whale wallet labeled pension-usdt.eth closed 15,271.77 ETH in short positions between 19:00 and 23:39 on May 27. That's around 31.65 million USD, with an average close price of 2072.80 USD, pocketing roughly 903k USD in profit. In other words, the real short side just took profits and exited near 2070. Now here is the contrast. A long-time Ethereum insider sells publicly. A real on-chain short whale closes and walks away. One is selling the story, the other is exiting the trade. But this whale is not fully bullish. They still hold a 1000 BTC short position, valued at around 74.4 million USD, with an average entry near 67,992 USD, currently underwater by about 6.5 million USD. Liquidation sits at 106,448 USD. So who is closer to the truth about price? On the narrative side, a believer sells. On the trading side, shorts retreat. If MVRV 0.8 at 1868 USD truly marks a historic accumulation zone, is Hoffman's sell a rational reallocation or an emotional bottom signal? And if the revaluation thesis for ETH is genuinely weakening, then the whale closing shorts might just be a clean profit grab, not a vote of confidence. One sells the story. One closes the trade. The real question for ETH isn't whether Ethereum is still good. It is whether Ethereum's goodness can still translate into superior value for ETH. Who do you trust more? The insider selling ETH, or the whale who closed shorts around 2...