An investor who bought Ethereum from the pre-sale transferred approximately 15 thousand ETH to the Kraken exchange.
According to Arkham Intelligence data, EthereumThe ICO (pre-sale) participant last traded two years ago. At that time, the investor who added 15,000 ETH to their wallet spent a total of $ 29.74 million. in question ETHThe current value of ‘s reached $39.38 million. It was a matter of curiosity whether the whale, which transferred a large amount of ETH, would sell or not.
Whales, motivated by the rise of the market, increased their transfer transactions. Especially transfers in BTC, ETH, and USDT parities attracted attention. If Bitcoin exceeds $80,000, onchain data will gain even more activity.
Ethereum inflow to exchanges increased
It is generally interpreted that investors will act in a selling direction when they transfer their cryptocurrencies to stock exchanges. If the cryptocurrencies entering the exchanges are more than the outflows, it is highly likely that the relevant parity will decline. For example US presidential electionA few days ago, there was a sharp decline in Bitcoin. Before this drop, a large amount of Bitcoin was transferred to cryptocurrency exchanges.
According to Glassnode data, Ethereum’s exchange net flow has now increased to 74,266. If this trend continues, selling pressure may appear in ETH. The leader of the altcoins, which changed hands at $ 2800 as of the writing of the news, may start a bull run if it makes a weekly close above $ 3000. Additionally, data from spot ETH ETFs will play a critical role. As inflows to ETFs increase, higher levels can be targeted for Ethereum.
