#ETH Giant Whale Movement!
1608 ETH suddenly transferred from Kraken worth up to 6.79 million USD
On-chain data shows that a mysterious giant whale just withdrew 1608 ETH (approximately 6.79 million USD) from Kraken.
Such a large transfer could reduce exchange liquidity and even suggest the whale's strategic layout—such as long-term staking custody or large OTC trades.
Market impact:
Short-term: Decrease in ETH supply on exchanges may increase volatility
Medium-term: If funds flow into staking pools, it will increase market scarcity
Long-term: It could be a price support signal or a sign of cashing out
Su Ge: Whale withdrawals usually indicate bullish sentiment or long-term holding; I lean towards this being a strategy for a future price increase.
But don’t forget that the market always has the potential to reverse; position management is the hard truth.
Su Ge focuses on combining fundamentals and technicals with real-time strategies @分析师苏哥