Billionaire ETH Sell-Off Shakes the Cryptocurrency Market
In the last two hours, a shocking move from address 0xD74…11745 has appeared on the blockchain platform. This address transferred a total of 20,461 ETH, worth approximately 45.67 million USD, from StakeStone and Blast platforms to Binance. This action raises questions about the potential for large liquidation by a cryptocurrency shark, significantly affecting investor sentiment.
Detailed Information About the Transaction
Of the ETH transferred, 9,117 ETH was bought at an average price of 2,003 USD per ETH from August 2023 to February 2024. If sold at this moment, the investor could realize a profit of nearly 2.09 million USD. This transaction illustrates the profit-taking or risk-limiting strategy of sharks in a volatile market.
Impact on the Cryptocurrency Market
The sudden divestment strategy of a large shark may lead to significant volatility in ETH prices, making the market unstable. Analysts predict that if this trend continues, there will be more large sell-offs, causing ETH prices to likely experience deep corrections and create opportunities for long-term investors.
Frequently Asked Questions
Can ETH recover after this sell-off?
What should investors do when witnessing sharks divesting?
What other risks does the cryptocurrency market face in the near future?
The actions of sharks like this always raise questions about the long-term strategy of the cryptocurrency market. Investors need to be vigilant and closely monitor large activities to make informed decisions in a volatile market context.
Source: https://tintucbitcoin.com/ca-voi-chuyen-20-461-eth-vao-binance/
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