🔥 Whales take action! More than 6,900 ETH flow out of the exchange, worth $25 million! 🐋💰
On-chain data shows that a newly created wallet address has withdrawn 6,918 ETH from the exchange in the past 12 hours, with an average price of $3,613. This wave of massive transfers has shaken the market, especially in the context of the recent strong rebound in the ETH/BTC exchange rate:
📈 Key data:
The ETH/BTC exchange rate has rebounded from 0.0319 to 0.0376, showing that ETH is regaining its strength against BTC! ETH has recently performed significantly better than BTC and has become a hot spot for funds!
🌟 Positive factors worth paying attention to:
1️⃣ A large amount of funds flowing into private addresses may indicate bullish sentiment from whales, or even preparations for long-term hoarding.
2️⃣ The rebound in the ETH/BTC exchange rate may indicate that funds are tilting back toward ETH, especially as the Ethereum ecosystem continues to develop.
⚠️ Potential risk points:
If these funds then enter other markets (such as NFT or DeFi), market volatility may increase. The huge amount of funds flowing out of the exchange may also indicate an increase in the risk of short-term selling pressure.
🔍 Bull market or trap? Time will give the answer, but grasping the trend is the way to win! 🚀
