$ETH
One of the top crypto investors (known in the market as a “whale”) has transferred 42,000 Ethereum (ETH) coins to Galaxy Digital, with the intention of selling them according to a specific plan. This is reflected in:
Transfer volume: 42,000 ETH were transferred, and according to data from the Odaily news platform, this whale has accumulated this amount of digital assets through over-the-counter (OTC) trades in cooperation with Galaxy Digital over the past two months.
Ethereum’s price shows a decline of 2.73%, settling at $2,674.76.
📉 Economic impact of these moves:
Selling pressure: Moving large amounts of cryptocurrencies to the wallets of investment firms or platforms usually indicates the investor’s intention to liquidate assets, which increases supply and temporarily drives prices down.
Over-the-counter (OTC) deals:
Accumulating coins via OTC trades helps reduce the immediate impact on spot market prices during buying, but converting them for a structured sell-off may cast a shadow over traders’ sentiment.
One of the top crypto investors (known in the market as a “whale”) has transferred 42,000 Ethereum (ETH) coins to Galaxy Digital, with the intention of selling them according to a specific plan. This is reflected in:
Transfer volume: 42,000 ETH were transferred, and according to data from the Odaily news platform, this whale has accumulated this amount of digital assets through over-the-counter (OTC) trades in cooperation with Galaxy Digital over the past two months.
Ethereum’s price shows a decline of 2.73%, settling at $2,674.76.
📉 Economic impact of these moves:
Selling pressure: Moving large amounts of cryptocurrencies to the wallets of investment firms or platforms usually indicates the investor’s intention to liquidate assets, which increases supply and temporarily drives prices down.
Over-the-counter (OTC) deals:
Accumulating coins via OTC trades helps reduce the immediate impact on spot market prices during buying, but converting them for a structured sell-off may cast a shadow over traders’ sentiment.