Whale dey stake 25,540 ETH afta $10M lose, dey squeeze supply
One crypto whale don move 25,540 ETH from FalconX go two Ethereum 2.0 staking addresses recently. Before this, e put 35,615 ETH, make total wey e don stake be 61,155 ETH. Because price don drop recently, this whale dey face unreal loss of about $10 million now. Big ETH staking dey reduce how much ETH dey around and e show say dem get strong confidence for Ethereum 2.0 upgrade. But staking rewards suppose balance with market wahala and risk from wahala for price. Traders suppose use on-chain analytics track how whale dey move stake and fit predict how ETH price fit move because supply tight and wahala for price dey.
Bullish
Di big transfer of over 61,000 ETH go staking addresses reduce how much ETH dey for market and show say one big big whale get confidence for Ethereum 2.0, wey usually dey support price. Even though the whale dey face unrealized $10M loss because price don come down recently, the commitment to long-term staking show say e dey accumulate and e fit make ETH price go higher. Short term, wahala of market swing fit make price change anyhow, but medium-term outlook dey positive as supply dey tight and staking dey increase. Traders suppose dey watch on-chain analytics for whale staking flows to sabi how supply dey and to predict price movement.