In the dynamic world of the cryptocurrency market, understanding the movements of major players has become crucial to making informed decisions. Tracking the steps of big players in every transaction has become indispensable for cryptocurrency investors. The steps of whales are valuable in terms of indicating expectations in cryptocurrency projects. Let’s examine the recent ETH transactions, decrypt who is buying and who is selling, and shed light on the actions of big players in the crypto space.
Bull Signals: Notable ETH Buyers
Amidst the fluctuations in the crypto market, some organizations have made significant ETH purchases. A wallet associated with Hashkey has been consistently withdrawing ETH since December 5th, while actively depositing stablecoins to Binance and OKX. In just the last three days, withdrawal transactions have reached an impressive amount of 16,838 ETH worth approximately 38 million dollars.
Whale “0x8652” has become another significant player by withdrawing a total of 22,153 ETH worth 50 million dollars from Binance since November 29th. Additionally, the “0xf72f” whale preferred staking by withdrawing 7,952 ETH worth 18 million dollars from Binance in the past week.
In particular, this significant whale has been consistently accumulating ETH since September 19th, and the average purchase price is approximately $1,847. Currently, the profit is approximately $22.8 million.
Bear Movements: ETH Sellers Are in Action
On the other hand, organizations such as FTX and Celsius have become actively involved in selling ETH. FTX signaled a downward movement by depositing 3,143 ETH worth 7.2 million dollars to Coinbase just two days ago.
Similarly, Celsius transferred 59,000 ETH worth 136 million dollars to Coinbase, OKX, and FalconX in the last 25 days.
Smartestmoney.eth is both depositing and withdrawing ETH. By depositing 10,633 ETH worth 23.82 million dollars to Binance, they made a profit of approximately 5.8 million dollars. Simultaneously, a withdrawal request of 12,438 ETH worth 28.5 million dollars from Lido indicates potential sales with an unrealized profit of approximately 7.3 million dollars.
Galaxy Digital, an important player, deposited 12,237 ETH worth 28 million dollars to Binance and Gemini in the last two days.