Ethereum failed to break through 1600! The whale who hoarded ETH for five years deposited 35,000 ETH into the exchange and cashed out?

币圈凯哥 · 2023-10-21T04:02:06.000Z

Bitcoin (BTC) has resumed its upward trend since Thursday, and broke through the US$30,000 mark yesterday (20th) evening. Unfortunately, subsequent selling pressure has emerged. It currently continues to fluctuate around 29,500, and was trading at US$29,485 at the time of writing in the past 24 hours. up 1.8%. Volatility usually decreases at the weekend, and it will take time to see whether BTC can continue to rise. The trend of Ethereum is also similar to that of Bitcoin. It reached a high of $1,630.4 yesterday and then fell. It was trading at $1,595 at the time of writing, up 0.73% in the past 24 hours. The giant whale deposited 35,000 ETH into the exchange and cashed out 10 million US dollars?

Bitcoin (BTC) resumed its upward trend on Thursday this week, and even broke through the $30,000 mark yesterday evening (20th). Unfortunately, subsequent selling pressure emerged, and it is currently fluctuating around 29,500. At the time of writing, it was reported at $29,485, up 1.8% in the past 24 hours.
Usually, volatility decreases during weekends, and it will take time to see whether BTC can continue to rise.
BTC/USDT spot trading pair. Source: BinanceEthereum’s trend is similar to that of Bitcoin. It reached a high of $1,630.4 yesterday before falling to $1,595 at press time, up 0.73% in the past 24 hours.
ETH/USDT spot trading pair. Source: BinanceThe whale deposited 35,000 ETH into the exchange and cashed out $10 million?Perhaps it is because Ethereum has been much weaker than Bitcoin recently, and the future price of the currency is not optimistic. According to Lookonchain data, a giant whale (0x0c646) deposited 35,176 ETH (about 56.5 million US dollars) to the Kraken exchange on Friday, and then withdrew nearly 10 million US dollars in USDT, and seemed to be selling ETH during the rebound.
According to analyst Yu Jin's tweet last night, the whale withdrew a total of 35,175 ETH from Kraken between 2018/10/2 and 2022/11/14. Compared with his cost price of $415, he has made a floating profit of approximately $41.9 million.
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