Large Transfer from Ethereum: 15,000 ETH Moved to Exchange

Recently, a development that caught the attention of cryptocurrency investors occurred. A large whale on the Ethereum (ETH) network made a significant sale after five years. Approximately $68.2 million worth of 15,000 ETH was transferred to the Bitfinex exchange.

According to data from the on-chain analysis platform Spot On Chain, this whale last withdrew about 123,687 ETH from the Bitfinex exchange at an average price of $153.9 on April 26, 2019. This latest transaction indicates that the whale sent Ethereum at an average level of $4,548. This movement has led to various speculations among investors.

Experts suggest that large transfers made by addresses that have been inactive for a long time usually indicate profit-taking. However, this situation can also mean portfolio restructuring or preparations before staking in some cases. After the transfer, the whale still maintains a total of 85,785 ETH (approximately $392 million) across three different wallets. This situation stands out as a significant development that investors should monitor closely.

Analyzing such large transfers can help investors better understand market trends. In particular, the movements of large whales are among the important factors that affect market dynamics. Therefore, it will be an important step for Ethereum investors to carefully follow this situation and shape their strategies by considering market movements.