Sleeping ETH Whale Don Wake Up, Move 47K ETH Go Bitfinex & New Wallets
One ETH whale wey no move for four years don start move again, e transfer 47,507 ETH (around $207 million) on September 7. The address wey first collect 123,687 ETH from Bitfinex at $154 per token split di money: about 21,178 ETH dem put back to Bitfinex, while 26,329 ETH dem waka put for two new private wallets. The whale also bin don use TornadoCash privacy protocol run 2,900 ETH before. Big movements like dis for on-chain often mean say fit be sell pressure or say dem dey rearrange their positions strategically. Traders suppose dey watch exchange order books and on-chain analytics to fit see wetin fit happen wey go affect Ethereum liquidity and market sentiment.
Bearish
Di whale tok 21,178 ETH go put back na Bitfinex shows say selling go come soon, dis na bad sign for Ethereum price short time. Even if dem dey split money into new wallets fit mean say dem dey plan for long time, but the exchange money coming pass wetin dem dey move around, e show say money fit reduce for market flow. Traders need prepare for more wahala and dey watch order books well well cos this kain movement dey usually happen before big sales.