ETH Whale Make $30M, Move 70,000 ETH Go Binance
One ETH whale chop two correct swing trade for Ethereum, dem pocket over $30 million by buying when price drop and selling when e peak. After the gains, the whale move 10,000 ETH (~$17 million) go big exchanges, convert am to stablecoins, which make exchange reserves rise and small small push ETH price down. Within next 30 minutes, the same whale carry another 70,000 ETH (≈$115 million) from HTX go Binance—na one of the biggest single transfer between the platforms dis year. Such big inflows dey often mean say sellers dey press and fit bring plenty price wahala. Traders go dey watch as Binance volume rise and changes for ETH price after these big transfer dem.
Bearish
Di big big transfer dem we ETH whale dey do plus di profit picking show say sell-side pressure go soon start, wey go fit make price drop small for short term. Di 10,000 ETH wey dem move go stablecoins plus di 70,000 ETH wey dey come inside Binance fit make order book full, increase volatility and make ETH price fall small for time. But di long-term tori, wey dey driven by network upgrade plus DeFi growth, still dey gidigba, suggesting say price fit recover once di selling slow down.