Matrixport Wallets don deposit 95,873 ETH go Binance and OKX
Lookonchain data show say for last three hours, Matrixport wallets don start big ETH deposit by transfer 95,873 ETH (worth about $452 million) go Binance plus OKX. This big ETH deposit don boost exchange liquidity and e fit mean say Matrixport’s OTC operations fit dey prepare to sell or adjust their portfolio. Traders must dey watch these exchange inflows well well because similar big ETH deposits before don cause short-term price wahala. Matrixport’s on-chain moves dey show how crypto financial services dey get more power for market matter dem.
Bearish
Di big ETH deposit go major exchanges dey increase di amount wey fit sell, e fit put short-term pressure make price drop. History show sey when big money dem enter exchanges, e usually come before sell-off wey dey cause price fall and wahala for price. Even though di movement fit mean Matrixport dey do portfolio adjust or dey manage liquidity, di immediate effect na sellers go benefit. Traders suppose dey watch out for higher selling activities and adjust risk management dem rightly.