Whale Don Withdraw $17M WBTC & ETH, Now E Get $153M BTC & ETH
For di past two hours, one crypto whale wey dey address 0x4ED...bC853 don withdraw 79.34 WBTC (wey worth $9.4M) and 1,860 ETH (wey worth $7.27M) from exchange dem, total na $17.08M. Prices when dem withdraw be: WBTC at $115,410 and ETH at $4,262. For di last week, dis address don move $153M for BTC and ETH from exchange dem, show say dem dey still dey accumulate and hodl on-chain. Dis kain big withdrawal show say maybe market go bullish because big holders dey reduce their exchange balance, we fit tighten supply and push price up.
Bullish
Dis kain waka wey one big whale do to withdraw WBTC and ETH don reduce di exchange liquidity, wey dem don dey observe before say e be bullish sign. Big holders wey dey move dem assets comot for platform dey usually mean say dem dey accumulate plus say e go reduce selling pressure, fit make price rise. For similar tins witin early 2021, big outflows bin dey before price go rally. For short term, traders fit see dis as better thing wey fit cause price to go up, 'dem go increase long positions. For long term, steady accumulation fit tight supply, wey go support higher price dem.