Whale ETH Transfer Dem Skyrocket: 146K ETH Go CEXs Inside One Month
For di past month, one crypto big big person don dey do beta ETH transfer go centralized exchange, dem carry total 146,000 ETH waka, including 26,000 ETH inside three days. Dis kain big ETH transfer from big whale dey show say e fit be institution dey manage their liquidity and e dey always happen before market wahala. When big plenty ETH enter CEX dem, e fit make selling pressure high and e fit make ETH price drop, but if people dey withdraw, e go reduce supply and fit make price rise again. Traders suppose dey watch ETH transfers, exchange balance plus how big whale wallet dey move well well to fit sabi wetin go happen short term and improve their trading strategy.
Bearish
Big whale ETH transfers go central exchanges dey increase di supply wey dey on di exchange plus e dey raise di chance say people go sell quick, dis one dey put short-term downward pressure on ETH prices. Historically, when whales carry plenty ETH go exchange, market dey shake and prices fit correct down. Even though future outflow and accumulation fit help support prices, dis current big ETH inflow show say market get bearish mood plus risk say price fit fall. Traders suppose adjust how dem dey manage risk.