🚨 Smart Money Super Bullish with $ETH ! 🚨
Since the beginning of April, a wallet address tagged as "smart money" has withdrawn 9,500 ETH (worth ~16.2 million dollars) from the Kraken exchange and staked all of this ETH on Ether.fi to optimize long-term profits. 💸📈
📍 Why is this called #smartmoney ?
Because during the bull run last November, this wallet heavily accumulated ETH at the bottom of $2,200, then mortgaged and borrowed 48 million DAI to continue buying more ETH and staking it. 😳🔥
⚡️ The fact that this address continues #staking at this time is an extremely #bullish signal for ETH in the medium and long term – they are betting big on the future of Ethereum!
#ETH #SmartMoney #Bullish #EtherFi #CryptoInsight #DeFi