It was seen that the downward momentum in the cryptocurrency markets slowed down this week with the intervention of large investors.
In the latest transactions between large investors who evaluate the bottom prices and are called whales, a whale was caught on the radar by buying Ethereum, Lido, Aave and Uniswap worth $ 5 million.
Lookonchain shared the details of the whale movement in its post today. Accordingly, the investor received 557 ETH at $ 1,676, 593,139 LDO at $ 1.69, 413,727 UNI at $ 4.83 and 17,203 AAVE at $ 58. It was seen that the bulk of the total purchase of 5 million dollars was dominated by UNI assets. This move strengthened the view that large investors had bullish expectations.
Currently, cryptocurrencies are trading slightly below buy levels, while whale transactions often lead to market activity. That's why individual investors generally follow the activities of whales closely, doing detailed research when making purchases.
Bitcoin whales record significant outflows from Binance
Another whale move in the market continued with 5,000 BTC quickly withdrawn from the Binance exchange.
The fact that large investors continue to withdraw funds from Binance is attributed to recent rumors. Binance CEO Changpeng Zhao interpreted these rumors as spreading FUD.
Whale Alert recently reported 5,729 BTC withdrawn from Binance in 5 transactions within minutes. The last week of transactions revealed regular outflows from Binance since August 17. According to CryptoQuant data, a total of 14,460 BTC was released from Binance in the last week.
Cryptocurrency outflows from central exchanges are generally interpreted as bullish expectations in the market. However, it is worth saying that the assets in all cryptocurrency exchanges are at the lowest level in the last 5 years.
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