Wintermute has moved a large amount of $ETH to major exchanges.
Over three hours, it deposited 61,847 ETH worth about $160.3 million to Binance and Coinbase.
The move could add selling pressure if the ETH is sold, but an exchange deposit does not confirm an immediate sale.
The next key point is how the market reacts and whether these deposits lead to actual sell orders.
#Macro Insights# #ETHBlockchain #Altcoin Season#
Over three hours, it deposited 61,847 ETH worth about $160.3 million to Binance and Coinbase.
The move could add selling pressure if the ETH is sold, but an exchange deposit does not confirm an immediate sale.
The next key point is how the market reacts and whether these deposits lead to actual sell orders.
#Macro Insights# #ETHBlockchain #Altcoin Season#