Giant whale dumps around 33,000 Ethereum on Binance, sparking market concerns about a potential ETH price crash.STORY HIGHLIGHTSWhale 'czsamsunsb.eth' offloads 33K ETH into Binance.Whale's move to Binance aligns with previous ETH market downturns.Crypto community on high alert as traders monitor potential further whale moves.Agiant crypto whale, identified by on-chain analytics firm Spot On Chain as ‘czsamsunsb.eth,’ has offloaded a staggering 33,000 Ethereum (ETH), worth a hefty $75.74 million, onto Binance. The move, observed just as the ETH price experienced a recovery, is raising eyebrows within the crypto community, given the whale’s historical pattern of transferring ETH to Binance before market downturns.Notably, investors and analysts alike are now closely monitoring the situation, anticipating whether this substantial sell-off is an ominous precursor to an imminent crash in the Ethereum market.Whale Moves 33K Ethereum To BinanceSpot On Chain’s recent post on the X platform highlighted the whale’s decisive action, unstaking and depositing an enormous 32,930 ETH to Binance when the token’s value hit $2,300. Notably, this transaction aligns with the whale’s historical behavior of shifting significant ETH volumes to Binance before witnessing notable price downturns.Meanwhile, the timing, occurring as the market showed signs of recovery, has fueled concerns among traders and investors. The crypto community is now speculating on the potential motivations behind this massive transfer and whether it signals a lack of confidence in the current ETH market trajectory.While the whale still retains 12,186 staked ETH, valued at around $28.1 million, in the Lido protocol, the lingering question is whether more ETH will be moved out, possibly indicating a lack of faith in the ongoing recovery.Price Performance Amid Market’s Watchers High AlertAs news of the whale’s substantial ETH transfer reverberates through the crypto sphere, market watchers are on high alert. The lingering question of whether the whale will execute further moves amplifies the uncertainty surrounding Ethereum’s immediate future. Analysts suggest that the market should brace for potential volatility, emphasizing the importance of closely monitoring trading patterns and whale movements in the coming days.Notably, as of writing, the Ethereum price was up 0.97% over the last 24 hours and traded at $2,313.15. Its trading volume soared over 39% in the same time frame to $6.14 billion. The second-largest crypto by market cap has touched a high of $2,322.65 and a low of $2,270,07 over the last 24 hours.Meanwhile, Ethereum futures open interest increased by 5.21% over the last 24 hours, reaching 3.41 million ETH or $7.91 billion, CoinGlass data showed. Leading the surge, Binance and Bybit saw significant upticks, with Binance’s ETH open interest rising 3.20% to 1.16 million ETH, worth around $2.69 billion, and Bybit experiencing a 1.61% increase to $648.57K or $1.50 billion.Crypto enthusiasts are advised to exercise caution and stay attuned to real-time market developments as this significant whale move adds a layer of complexity to the already dynamic crypto landscape. The implications of such a massive sell-off are far-reaching, making it imperative for investors to stay informed and adapt their strategies accordingly.#Write2Earn #TrendingTopic #Osmy_CryptoT #dyor

U.S. regulators have finally approved the eagerly awaited spot Bitcoin exchange-traded fund (ETF), and analysts believe this move creates more opportunities for the cryptocurrency sector. Following this approval, attention has turned to Ethereum. Whether a Spot ETF for Ethereum will be approved is already a subject of speculation. What does the world’s most famous AI bot ChatGPT think about this and what are its price predictions?
ETH Bullish Expectations
According to ChatGPT, a potential approval of a spot Ethereum ETF could initiate a very critical process. The approval could increase institutional interest and mainstream adoption, appealing to investors who do not want to purchase directly but are interested in investing in Ethereum.
If the ETF is approved, there could be an increase in buy-side demand, which could boost positive sentiments towards Ethereum in the crypto market.
In a scenario where everything goes positively, ChatGPT emphasized that there could be a noticeable increase in the price of Ethereum, although it acknowledged the difficulties in determining the asset’s full valuation. Additionally, according to the AI tool, the potential price level for ETH could be above $3,000.
ETH Bearish Expectations
The approval of an Ethereum ETF could backfire, similar to Bitcoin’s experience, and could undercut positive market movements. According to the AI, traders and investors might prefer to “sell the news,” which could trigger a price drop in a very short time.
Moreover, regulatory uncertainties or concerns about the structure of the ETF could create skepticism among market participants.
According to the response given to ChatGPT, in a potential bearish scenario for Ethereum, there could be a temporary downturn. Depending on the magnitude of market movements, the price could fall below the current trading levels of $2,300 to $2,000, and could even drop below the $2,000 level.

Is a Spot Ethereum ETF Possible?
Meanwhile, the future of the ETF continues to be debated. According to leading names in the crypto and finance world, an approved spot Ethereum ETF could bring incredible results.
Especially Larry Fink, the CEO of BlackRock (NYSE: BLK), stated that following the successful launch of the Bitcoin ETF, a spot Ethereum ETF could be extremely valuable.
It’s worth remembering that BlackRock applied to the Securities and Exchange Commission (SEC) for an Ethereum ETF in November of the previous year, as mentioned by the CEO.
Following the approved Bitcoin ETFs, eyes are expected to turn to Ethereum by May. During this period, the SEC will also need to make decisions about spot Ethereum ETF applications.
Just like with the Bitcoin ETF, companies such as Invesco, Ark, and VanEck, as well as Grayscale, which aims to convert the existing Ethereum Trust (ETHE) into an ETF, have also applied.
Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.

Popular writer, entrepreneur and Bitcoin supporter sees this important reason for buying BitcoinRobert Kiyosaki, author of a popular book on financial self-education “Rich Dad Poor Dad” and a financial educator, has taken to the Twitter/X social media network to issue an important statement on Bitcoin and a call to the community to start buying it.Recently, Kiyosaki shared that he also purchased more BTC after the U.S. chief regulator issued approval of a spot-based Bitcoin ETF.Here’s Kiyosaki’s Bitcoin statement to communityThe financial guru tweeted that over the past five months — since the latest NFL season began in early September — the U.S. national debt increased drastically, adding another $1,000,000,000,000.“Please buy more gold, silver and Bitcoin,” he tweeted. In his earlier social media posts, Kiyosaki criticized the Fed Reserve and U.S. Treasury and stated that he expects the worst scenario to occur and the U.S. dollar to fall into hyperinflation.Many economists and financiers sounded the alarm last year as the U.S. government removed the “ceiling” for the U.S. national debt, allowing it to grow higher than $31.4 trillion. Since then, the country’s national debt started increasing rapidly, adding trillion after trillion USD and now standing at $34 trillion.Kiyosaki buys more Bitcoin after ETF approvalEarlier this week, the “Rich Dad Poor Dad” author tweeted that he had acquired five more Bitcoins to add to his BTC stash for fear of hyperinflation coming soon. This aligned with the U.S. Securities and Exchange Commission (the SEC) finally giving the green light to spot Bitcoin exchange-traded fund applications filed by a dozen Wall Street companies last year.This list included BlackRock, Ark Invest and Grayscale. However, on the very first day of Bitcoin ETF trading, the new assets managed to attract only $400 million of investor funds in total.As for the Bitcoin price, in line with analysts’ predictions, it has pulled back from above $49,000. By now, the world’s flagship cryptocurrency lost 15.15% (dropping to $41,590) and then recovered a little, now changing hands at $43,043. Recent analytics reports stated that traders have been selling part of their Bitcoin to lock in profits and also to release some cash in order to buy the newly launched spot-based Bitcoin ETFs.Vote for fullo ❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️Vote for fullo ❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️#BTC #dyor

Depletion of the Fed's reverse repo program and expiry of a crucial funding facility for troubled banks may trigger a market crash in March and force the Fed to cut interest rates, Maelstrom CIO Arthur Hayes said.

Bitcoin could plunge 20%-30% in the rout but would quickly rebound, Hayes predicted.

While crypto investors are fixated on an imminent spot bitcoin exchange-traded fund (ETF) decision that could propel BTC's price even higher, Arthur Hayes, the chief investment officer of family office Maelstrom and the ex-CEO of BitMex, warned about a potential 20-30% plunge in the next few months.

In a Friday blog post, Hayes outlined looming risks for U.S. banks and markets potentially colliding in March and triggering a "liquidity rug pull" event akin to the banking crisis last March.

"I am preparing for a vicious washout of all the crypto tourists in March of this year," he wrote. "I loaded up on crypto in the second half of 2023, and I believe now until April is a no-trade zone in terms of the addition of risk."

Crypto liquidity rug pull

The drawdown of the Federal Reserve's reverse repo program (RRP), where qualified banks and investment firms may park cash and earn interest on it, served as a tailwind for risky assets through last year, injecting capital into markets as participants took out cash from the facility and invested.

However, the RRP balance is quickly declining, dropping to $700 billion from a record high of $2.5 trillion at the end of 2022, and Hayes is projecting it to reach its historical average of $200 billion by around March.

"When this number gets close to zero..., the market will wonder what is next," he said. "Without any other new sources of dollar liquidity, bonds, stocks, and I believe crypto will also get the stick."

Second, a crucial Fed facility called the Bank Term Funding Program (BTFP) that helped stave off last year's regional banking crisis is set to expire on March 12, with the potential to create turbulence in the banking system.

The BTFP provided banks with funding to fulfill deposit withdrawals by lending them money at the notional value of their U.S. government bond holdings, at much better conditions than selling bonds on the open market at a loss due to the Fed's aggressive rate hikes.

Hayes expects that the facility won't be extended during this U.S. presidential election year, which could bankrupt some banks who sit on massive unrealized losses on their bond holdings.

"The combination of a lack of liquidity gushing from the RRP and the lack of printed money to cover the bond losses on the non-TBTF [too big to fail] banks’ balance sheets will decimate the financial markets globally," he said.

As the market rout ensues, Hayes predicted the Fed will cut rates on its March 20 meeting and resume the BTFP funding line.

What's next for bitcoin's price

If this scenario plays out as Hayes outlined, bitcoin [BTC] will correct a "healthy" 20% to 30% from early March prices, according to the blog post. The decline could be as much as 40% if BTC rallies to $60,000-$70,000 in the coming weeks, he wrote.

"Bitcoin initially will decline sharply with the broader financial markets but will rebound before the Fed meeting," Hayes said. "That is because bitcoin is the only neutral reserve hard currency that is not a liability of the banking system and is traded globally."

Hayes joined a roster of crypto analysts who recently forecasted a correction for crypto markets.

CryptoQuant said that a spot-based ETF approval would be a "sell the news" event and BTC could drop to $32,000, while K33 Research suggested reducing exposure as the market became overheated. Bitcoin is currently above $43,000.

Matrixport head of research Markus Thielen warned about a bitcoin correction based on technical indicators with the SEC potentially putting off ETF decisions due to shortcomings in the filings. The report may have contributed to a near-10% decline in bitcoin's price earlier this week.