63,000 $ETH DEPOSITED TO COINBASE FROM COINSHARES-LINKED WALLET 🔥
A wallet likely tied to CoinShares just moved 63,000 ETH (worth $111.56M) onto Coinbase. This is a significant liquidity injection — deposits of this size often precede selling or redistribution.
Large exchange inflows from institutional-linked addresses have historically created short-term supply pressure. The question is whether this is simple custody transfer or distribution to market makers. Volume on ETH spot has been below average for the past 48 hours, making this deposit stand out even more.
Are you expecting a dip or accumulation around these levels?
Not financial advice. Always manage your risk.
#ETH #WhaleAlert #Deposits #CryptoNews #Institutional
🔥
A wallet likely tied to CoinShares just moved 63,000 ETH (worth $111.56M) onto Coinbase. This is a significant liquidity injection — deposits of this size often precede selling or redistribution.
Large exchange inflows from institutional-linked addresses have historically created short-term supply pressure. The question is whether this is simple custody transfer or distribution to market makers. Volume on ETH spot has been below average for the past 48 hours, making this deposit stand out even more.
Are you expecting a dip or accumulation around these levels?
Not financial advice. Always manage your risk.
#ETH #WhaleAlert #Deposits #CryptoNews #Institutional
🔥