Longling Capital put 5,000 ETH for Binance after dem transfers
Longling Capital don do dia third big ETH deposit go Binance on August 19, dem move 5,000 ETH (about $21.7 million). Dis one come after two earlier transfers, make the total ETH wey dem deposit for three days pass 13,000 ETH (about $53.4 million). The whale wallet still get 74,090 ETH, wey worth around $322.6 million. When dem dey put plenty ETH deposit for Binance, e dey often show say liquidity demand dey increase and e fit mean say pressure to sell for Ethereum price dey. Traders suppose dey observe on-chain analytics wella for any other moves wey the whales go make. To dey monitor these ETH deposits fit help predict short term market wahala and long term changes for supply and demand.
Bearish
Big big and repeated ETH deposits go Binance show sey liquidity demand strong and say sell pressure fit dey, we fit make Ethereum price drop small for short term. For long term, dis kind whale movements fit mean say dem dey balance their portfolio or dey do OTC deals wey no too affect price. Traders suppose dey careful as on-chain analytics dey talk sey supply go increase and volatility for ETH fit still waka.