When the big whale moves, the market trembles!
Just yesterday, June 5th, on-chain monitoring captured a "big move"! Someone transferred nearly 62,000 Ethereum in one go, worth up to $159 million at the time! This is no small amount!
What's mysterious? The money was transferred from a mysterious wallet (starting with 0x0b26C) that has "no record of this person," and this wallet has been transferring large amounts of ETH out for the past 5 days. Even more astonishing, the receiving wallet is also an "unknown" wallet (starting with 0x35365), which has a clean history; this is its first time receiving such a large sum of money!
When this news broke, the community was in an uproar, with all sorts of speculation! Why? Because the transfer happened while the entire market was "in a constant decline"! Ethereum itself couldn't hold up, dropping from $2579 at the time of the transfer to around $2539 now, a decline of over 3%. Even worse, while the price fell, trading volume actually increased by 6.59%! This signal is not very good, indicating that there are many more sellers than buyers, and the selling pressure is significant! To be honest, seeing such an "unknown big player" making such a big move during a downturn gave me a jolt, worrying if there are big players secretly "running away" or making some moves.
Who exactly owns this mysterious huge sum? Is it an institution flipping, a big player hedging, or is there some hidden secret? Currently, the market is turbulent, and walking alone is lonely. Follow me for daily spot potential layouts and bull market strategy layouts.