Ethereum Drops as Large Investors Move $ETH Worth $9.88 Million to Coinbase Amid Bearish Sentiment and Spam Transactions
Currently, ETH is experiencing a significant decline, marked by bearish sentiment across the derivatives market and substantial on-chain activity. A large whale transfer of 3.2K ETH, a transaction worth approximately $9.88 million, from Coinbase Prime Custody to Coinbase Prime Deposit, indicates an intention to sell, coinciding with a sharp price drop.
Currently, ETH is experiencing a significant decline, marked by bearish sentiment across the derivatives market and substantial on-chain activity. A large whale transfer of 3.2K ETH, a transaction worth approximately $9.88 million, from Coinbase Prime Custody to Coinbase Prime Deposit, indicates an intention to sell, coinciding with a sharp price drop.