Ceffu and Abraxas Capital don drop over $189M for ETH for Binance
OnchainDataNerd don talk say two big ETH deposit dem enter Binance. Thirty minute ago, Ceffu transfer 23,321 ETH (like $82.6 million) go Binance. Eighteen hours before that, Abraxas Capital deposit 30,600 ETH (like $106.9 million). The total 53,921 ETH pass $189 million. Big ETH deposits for exchang dem dey show say big players wan sell, fit cause short-term selling pressure. Traders suppose dey watch ETH deposits wey dey come Binance and how order book dey change for any market impact sign.
Bearish
Big ETH deposits wey dey go Binance dey usually happen before big whale sell-offs. The $189 million wey Ceffu and Abraxas Capital put together don increase supply for exchange, e fit make price drop. For past times wey dis happen, big ETH inflow to exchange dey relate to short-term bearish moves. Traders suppose ready for possible wahala and dey watch order book depth for sell triggers.