Major Ethereum Whale Activity in Exchanges and DeFi
Major Ethereum Whale Activity in Exchanges and DeFi
By AZC News | Jan 24 2024
A notable Ethereum (ETH) whale has orchestrated a significant fund transfer, moving approximately $46.02 million in ETH tokens across diverse platforms. This noteworthy transaction was initially spotlighted by the blockchain analytics platform Spot On Chain.Major Ethereum Whale Activity in Exchanges and DeFi
Unraveling a $46 Million ETH Transfer by a Crypto Whale Across Prominent Platforms
Operating through a network of eight wallets, this crypto whale orchestrated a strategic withdrawal of funds from major exchanges like Binance and Bitfinex. The complexity extended beyond mere withdrawals, involving engagements with Lido, a leading liquid staking solution.
After withdrawing 50.15 million USDT from Aave, a notable decentralized finance (DeFi) protocol, the whale exchanged the stablecoin for 19,021 ETH, totaling $46.02 million. Spot On Chain's insights unveiled that three wallets still retain approximately 30 million USDT in Aave, hinting at potential deployment into a centralized exchange (CEX) for further Ethereum acquisition.
These whale movements carry significant weight given the prevailing market conditions of Ethereum. With Ethereum's price plummeting by 7.7% to $2,211 in the last 24 hours, and a broader market downturn led by Bitcoin, the situation is critical. Analyst Ali's identification of a crucial demand zone breach between $2,380 and $2,461 suggests a potential downward trajectory towards the $2,000 mark, raising concerns about a substantial correction.
Ethereum in Freefall: Massive Liquidations Amidst Market Turmoil
The Ethereum market is witnessing a sharp decline in value, leaving traders grappling with the repercussions. Coinglass data reveals a substantial surge in liquidations, with over 137,000 traders liquidated in just 24 hours, resulting in a staggering loss of $357 million.
Ethereum traders shoulder a significant burden of these liquidations, as both long and short traders face losses of $72.82 million and $6.30 million, respectively, within the past 24 hours.
Compellingly, these market fluctuations coincide with noteworthy activities by Celsius, a crypto lending firm currently grappling with financial challenges. On-chain analysis suggests Celsius has been actively transferring substantial amounts of Ethereum, including a 13,000 ETH deposit on Coinbase.
Related: Ethereum Foundation Continuously Selling ETH
These actions align with reports from Arkham Intelligence, which highlight Celsius liquidating over $125 million in Ethereum to meet financial obligations, primarily aimed at settling creditors as part of the firm's ongoing bankruptcy proceedings.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own researchMajor Ethereum Whale Activity in Exchanges and DeFi
By AZC News | Jan 24 2024
A notable Ethereum (ETH) whale has orchestrated a significant fund transfer, moving approximately $46.02 million in ETH tokens across diverse platforms. This noteworthy transaction was initially spotlighted by the blockchain analytics platform Spot On Chain.Major Ethereum Whale Activity in Exchanges and DeFi
Unraveling a $46 Million ETH Transfer by a Crypto Whale Across Prominent Platforms
Operating through a network of eight wallets, this crypto whale orchestrated a strategic withdrawal of funds from major exchanges like Binance and Bitfinex. The complexity extended beyond mere withdrawals, involving engagements with Lido, a leading liquid staking solution.
After withdrawing 50.15 million USDT from Aave, a notable decentralized finance (DeFi) protocol, the whale exchanged the stablecoin for 19,021 ETH, totaling $46.02 million. Spot On Chain's insights unveiled that three wallets still retain approximately 30 million USDT in Aave, hinting at potential deployment into a centralized exchange (CEX) for further Ethereum acquisition.
These whale movements carry significant weight given the prevailing market conditions of Ethereum. With Ethereum's price plummeting by 7.7% to $2,211 in the last 24 hours, and a broader market downturn led by Bitcoin, the situation is critical. Analyst Ali's identification of a crucial demand zone breach between $2,380 and $2,461 suggests a potential downward trajectory towards the $2,000 mark, raising concerns about a substantial correction.
Ethereum in Freefall: Massive Liquidations Amidst Market Turmoil
The Ethereum market is witnessing a sharp decline in value, leaving traders grappling with the repercussions. Coinglass data reveals a substantial surge in liquidations, with over 137,000 traders liquidated in just 24 hours, resulting in a staggering loss of $357 million.
Ethereum traders shoulder a significant burden of these liquidations, as both long and short traders face losses of $72.82 million and $6.30 million, respectively, within the past 24 hours.
Compellingly, these market fluctuations coincide with noteworthy activities by Celsius, a crypto lending firm currently grappling with financial challenges. On-chain analysis suggests Celsius has been actively transferring substantial amounts of Ethereum, including a 13,000 ETH deposit on Coinbase.
Related: Ethereum Foundation Continuously Selling ETH
These actions align with reports from Arkham Intelligence, which highlight Celsius liquidating over $125 million in Ethereum to meet financial obligations, primarily aimed at settling creditors as part of the firm's ongoing bankruptcy proceedings.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own researchMajor Ethereum Whale Activity in Exchanges and DeFi
By AZC News | Jan 24 2024
A notable Ethereum (ETH) whale has orchestrated a significant fund transfer, moving approximately $46.02 million in ETH tokens across diverse platforms. This noteworthy transaction was initially spotlighted by the blockchain analytics platform Spot On Chain.Major Ethereum Whale Activity in Exchanges and DeFi
Unraveling a $46 Million ETH Transfer by a Crypto Whale Across Prominent Platforms
Operating through a network of eight wallets, this crypto whale orchestrated a strategic withdrawal of funds from major exchanges like Binance and Bitfinex. The complexity extended beyond mere withdrawals, involving engagements with Lido, a leading liquid staking solution.
After withdrawing 50.15 million USDT from Aave, a notable decentralized finance (DeFi) protocol, the whale exchanged the stablecoin for 19,021 ETH, totaling $46.02 million. Spot On Chain's insights unveiled that three wallets still retain approximately 30 million USDT in Aave, hinting at potential deployment into a centralized exchange (CEX) for further Ethereum acquisition.
These whale movements carry significant weight given the prevailing market conditions of Ethereum. With Ethereum's price plummeting by 7.7% to $2,211 in the last 24 hours, and a broader market downturn led by Bitcoin, the situation is critical. Analyst Ali's identification of a crucial demand zone breach between $2,380 and $2,461 suggests a potential downward trajectory towards the $2,000 mark, raising concerns about a substantial correction.
Ethereum in Freefall: Massive Liquidations Amidst Market Turmoil
The Ethereum market is witnessing a sharp decline in value, leaving traders grappling with the repercussions. Coinglass data reveals a substantial surge in liquidations, with over 137,000 traders liquidated in just 24 hours, resulting in a staggering loss of $357 million.
Ethereum traders shoulder a significant burden of these liquidations, as both long and short traders face losses of $72.82 million and $6.30 million, respectively, within the past 24 hours.
Compellingly, these market fluctuations coincide with noteworthy activities by Celsius, a crypto lending firm currently grappling with financial challenges. On-chain analysis suggests Celsius has been actively transferring substantial amounts of Ethereum, including a 13,000 ETH deposit on Coinbase.
Related: Ethereum Foundation Continuously Selling ETH
These actions align with reports from Arkham Intelligence, which highlight Celsius liquidating over $125 million in Ethereum to meet financial obligations, primarily aimed at settling creditors as part of the firm's ongoing bankruptcy proceedings.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own researchMajor Ethereum Whale Activity in Exchanges and DeFi
By AZC News | Jan 24 2024
A notable Ethereum (ETH) whale has orchestrated a significant fund transfer, moving approximately $46.02 million in ETH tokens across diverse platforms. This noteworthy transaction was initially spotlighted by the blockchain analytics platform Spot On Chain.Major Ethereum Whale Activity in Exchanges and DeFi
Unraveling a $46 Million ETH Transfer by a Crypto Whale Across Prominent Platforms
Operating through a network of eight wallets, this crypto whale orchestrated a strategic withdrawal of funds from major exchanges like Binance and Bitfinex. The complexity extended beyond mere withdrawals, involving engagements with Lido, a leading liquid staking solution.
These whale movements carry significant weight given the prevailing market conditions of Ethereum. With Ethereum's price plummeting by 7.7% to $2,211 in the last 24 hours, and a broader market downturn led by Bitcoin, the situation is critical. Analyst Ali's identification of a crucial demand zone breach between $2,380 and $2,461 suggests a potential downward trajectory towards the $2,000 mark, raising concerns about a substantial correction.
The Ethereum market is witnessing a sharp decline in value, leaving traders grappling with the repercussions. Coinglass data reveals a substantial surge in liquidations, with over 137,000 traders liquidated in just 24 hours, resulting in a staggering loss of $357 million.
Ethereum traders shoulder a significant burden of these liquidations, as both long and short traders face losses of $72.82 million and $6.30 million, respectively, within the past 24 hours.
Compellingly, these market fluctuations coincide with noteworthy activities by Celsius, a crypto lending firm currently grappling with financial challenges. On-chain analysis suggests Celsius has been actively transferring substantial amounts of Ethereum, including a 13,000 ETH deposit on Coinbase.
These actions align with reports from Arkham Intelligence, which highlight Celsius liquidating over $125 million in Ethereum to meet financial obligations, primarily aimed at settling creditors as part of the firm's ongoing bankruptcy proceedings.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own researchMajor Ethereum Whale Activity in Exchanges and DeFi
By AZC News | Jan 24 2024
Unraveling a $46 Million ETH Transfer by a Crypto Whale Across Prominent Platforms
Operating through a network of eight wallets, this crypto whale orchestrated a strategic withdrawal of funds from major exchanges like Binance and Bitfinex. The complexity extended beyond mere withdrawals, involving engagements with Lido, a leading liquid staking solution.
After withdrawing 50.15 million USDT from Aave, a notable decentralized finance (DeFi) protocol, the whale exchanged the stablecoin for 19,021 ETH, totaling $46.02 million. Spot On Chain's insights unveiled that three wallets still retain approximately 30 million USDT in Aave, hinting at potential deployment into a centralized exchange (CEX) for further Ethereum acquisition.
These whale movements carry significant weight given the prevailing market conditions of Ethereum. With Ethereum's price plummeting by 7.7% to $2,211 in the last 24 hours, and a broader market downturn led by Bitcoin, the situation is critical. Analyst Ali's identification of a crucial demand zone breach between $2,380 and $2,461 suggests a potential downward trajectory towards the $2,000 mark, raising concerns about a substantial correction.
Ethereum in Freefall: Massive Liquidations Amidst Market Turmoil
The Ethereum market is witnessing a sharp decline in value, leaving traders grappling with the repercussions. Coinglass data reveals a substantial surge in liquidations, with over 137,000 traders liquidated in just 24 hours, resulting in a staggering loss of $357 million.
Ethereum traders shoulder a significant burden of these liquidations, as both long and short traders face losses of $72.82 million and $6.30 million, respectively, within the past 24 hours.
Compellingly, these market fluctuations coincide with noteworthy activities by Celsius, a crypto lending firm currently grappling with financial challenges. On-chain analysis suggests Celsius has been actively transferring substantial amounts of Ethereum, including a 13,000 ETH deposit on Coinbase.
Related: Ethereum Foundation Continuously Selling ETH
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. when making a decision. when making a decision. when making a decision. when making a decision.
