Kraken Whale Waka Draw $76.9M ETH, Dem Bet Say Make Dem Hold Am Long Time
Recent, one anonymous Ethereum whale comot 17,381 ETH (about $76.9M) comot for Kraken and put am for private wallet, the total wey dem comot don reach 34,973 ETH (~$154.7M). Onchain analytics company Onchain Lens don flag this transaction, dem come talk say big ETH withdrawal dey usually mean say people wan hold crypto for long time, e dey reduce how much dey for exchange plus selling pressure. This kind whale behavior show say investors get strong confidence for Ethereum future, e dey driven by things like security wahala, DeFi staking chances, and long term belief. Traders dey use on-chain data to watch this kind movement because steady flow of ETH comot from exchange fit mean say market get bullish feeling and fit get price support.
Bullish
Di whale way withdraw $76.9M ETH from Kraken enter private custody don reduce exchange supply and e reduce immediate selling pressure, na behaviour wey historically dey associated with bullish market phases. Similar big transfers for early 2021 precede big ETH price rallies as on-chain analytics show say long-term holdings dey increase. For short term, reduced exchange balance fit support price stability, while for long term, sustained whale conviction and less circulating supply fit boost upward momentum. Overall, this action dey show strong confidence for Ethereum future growth, meaning say market fit turn bullish.