Ethereum experienced sharp price swings after briefly rising above $2,600 then falling near $2,400. Wintermute transferred 61,847 ETH worth $160.3 million to Binance and Coinbase, raising concerns about potential selling. However, exchange supply of Ethereum is at a multi-year low, suggesting fewer coins are immediately sellable. Despite this, whale holders are distributing ETH, maintaining selling pressure and causing price weakness. The market awaits whether buyers can absorb these sales to push prices back above $2,600 or if ETH will drop toward $2,300 amid continued whale selling.
In the last 24 hours, the cryptocurrency market showed mixed fund flows among major assets. ZEC, NEAR, and SOL led net inflows with $30.40 million, $27.35 million, and $26.99 million respectively, indicating growing investor interest. Conversely, sta...
The Ethereum Foundation moved 4,393 ETH worth about $11.1 million to Kraken, signaling a strategic sale amid a critical price test near the $2,500 support level. This move is part of a long-term plan, with early holders gradually selling as market co...
Ethereum traded at $2,562.06 on Monday, holding the key $2,495 support level overnight by 93 cents. This week, the US consumer price index release on Wednesday and the Bitcoin and Ether options expiry on Friday are expected to influence price movemen...
A whale address on Hyperliquid opened leveraged long positions totaling about $28.8 million across Bitcoin, Ether, and NEAR on October 12. The address used 40x leverage to buy 200 BTC at an average price of $83,604.50, 25x leverage for 4,000 ETH at $...
A mysterious Bitcoin whale sold 410.14 BTC worth about $34.16 million to buy 14,341 ETH valued at around $36.14 million, signaling a strong bet on Ethereum. This move coincides with Ethereum's recent price outperformance against Bitcoin and increased...
