On-chain monitoring just caught a development. A major Ethereum whale address transferred $7 million worth of ETH to an exchange right after it moved—at the same time, its large position of 100,000 ETH is being broken down little by little.
As for who this address belongs to, it hasn’t been identified yet. But when big funds flow into exchanges, the market is always on high alert—this is usually seen as a signal that preparations for selling are underway.
The $7 million transfer happens to coincide exactly with a turning point in the portfolio structure adjustment. Now everyone is watching one thing: is this just the tip of the iceberg? And will there be even larger liquidation actions to follow?
#ETH
As for who this address belongs to, it hasn’t been identified yet. But when big funds flow into exchanges, the market is always on high alert—this is usually seen as a signal that preparations for selling are underway.
The $7 million transfer happens to coincide exactly with a turning point in the portfolio structure adjustment. Now everyone is watching one thing: is this just the tip of the iceberg? And will there be even larger liquidation actions to follow?
#ETH