🐋recent whale transfers in the crypto world:
A significant crypto whale recently transferred 12,000 Ether (ETH) worth $42.8 million to Binance. This move caught the attention of the crypto community, sparking speculation about Ethereum’s price movements. The same address had also moved nearly 9,000 ETH to Binance the day before, withdrawing 30 million USDT (Tether) 1. While the options market remains more bearish on ETH than Bitcoin, the recent rally pushed Ether’s price up by 11% to $3,500 2.
Bitcoin, Ethereum, DOGE, and XRP Transfers:
Crypto whales have been active across various coins. Recently, they shifted a whopping $780 million worth of virtual currencies. Notably, nearly $500 million of this was in Bitcoin. These large-scale transfers often indicate an intention to sell or deploy coins in derivatives trading 3.
Giant Buy Signal for USDC:
On April 25, five transfers totaling $1.3 billion were made to Coinbase. The amounts ranged from $150 million to $350 million, and they were all in USDC (USD Coin). Such massive inflows can be interpreted as bullish signals for the market 4.
Remember that whale movements can significantly impact market dynamics, so keeping an eye on these transactions is crucial for crypto enthusiasts and investors alike. 🚀$BTC