Whales take action! $750 million of ETH poured into exchanges, and Ethereum's decline intensified!
The whales are here again! In the past week, 312,183 ETH (worth more than $750 million) was transferred to exchanges in large quantities, causing market concerns. On-chain data shows that the net flow of Ethereum exchanges continues to be positive, which means that more ETH is preparing to sell. No wonder ETH prices have continued to fall and panic has spread!
The selling pressure continues to rise, and the movements of whales have made Ethereum's prospects even worse! Is there more room for decline in the next few days? Keep a close eye on the flow of exchanges, and any disturbance may bring a new storm.
Stay stable. If you want to grasp the market trends at the first time, follow Lao Chen and take you through all the changes!
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