ETH Whale Move 32,902 ETH from Kraken, Na Good Sign
One Ethereum whale don move 32,902 ETH (~$119M) from Kraken go new wallet for di past five days, e bigger pass di earlier withdrawal wey be 12,341 ETH. Dis Ethereum whale transfer dey reduce exchange liquidity and e fit mean say market dey bullish, with possible reasons like OTC deals, better self-custody, staking, and DeFi yield strategies. Even though di real motive of di whale no tey clear, these kine moves dey usually happen before market dynamix change. Traders suppose dey watch on-chain data, monitor Ethereum fundamentals like network upgrades and staking yields, plus consider self-custody for long-term holdings.
Bullish
Big withdrawal wey Ethereum whale do outside exchange reduce the immediate selling pressure for Kraken and e dey often mean say the whale get confidence for ETH long-term value. For short term, dis fit make supply for exchange tight, support price stability or make price rise. For long term, di move to self-custody, staking, and DeFi strategies show say demand still dey and people dey find yield, e make bullish outlook for ETH strong. Traders usually react well to dis kain whale moves, dem dey expect make ETH market go up.