๐จ 2 hours ago: A wallet linked to *#M......t* deposited *12,323 ETH (31.8M)* to *#Binance* ๐ฆ๐ฐ
*What this could mean:*
๐น Large ETH transfers to exchanges often hint at *potential sell pressure* ๐
๐น M...... is a major crypto financial services platform โ this isnโt a random move
๐น Could be *profit-taking*, *rebalancing*, or prepping for *OTC/trading operations*
*Market Impact & Prediction:*
๐ง While such a move can spark short-term *volatility*, it doesn't necessarily mean a full dump
โก๏ธ If ETH stays above key support (2,680โ2,740), bulls remain in control
โก๏ธ A break below may see temporary downside toward 2,550โ2,600 before rebounding
๐ Keep an eye on on-chain data for follow-up movement
Institutional wallets are smart โ they often sell *into strength*, not fear