The amount of ETH withdrawn from Kraken has surged to a total of 16,872 ETH worth nearly 75 million USD since yesterday.
A new address has withdrawn over 60 million USD in ETH from Kraken during this period, indicating a significant asset shift on this platform.
MAIN CONTENT
16,872 ETH has been withdrawn from Kraken in the past 24 hours.
The average withdrawal price per ETH is approximately 4,444.76 USD.
A new address has recorded a withdrawal of ETH worth over 60 million USD.
What is the overview of the ETH withdrawn from Kraken recently?
Data shows that 16,872 ETH worth nearly 75 million USD has been withdrawn from Kraken in the past 24 hours.
The average withdrawal price reached 4,444.76 USD per ETH, equivalent to the current market price. This is a large amount of assets moving off the exchange, drawing attention in the cryptocurrency community regarding the reasons and purposes of these transactions.
This event reflects the trend of asset movement by individuals or organizations that may influence liquidity and market sentiment.
What does the new address withdrawing over 60 million USD in ETH from Kraken mean?
The emergence of a new wallet withdrawing over 60 million USD in ETH suggests the possibility of a whale or large entity restructuring its asset portfolio.
This withdrawal may be aimed at transferring to a cold wallet to enhance security or investing in projects outside of Kraken. However, withdrawing a large amount of ETH also draws attention to the potential impact on supply-demand in the market.
Carefully observing large withdrawal addresses will help analysts assess the behavior of whales and liquidity trends on major exchanges.
"I believe that large withdrawals of ETH reflect caution in asset management in the context of current price volatility."
John Smith, cryptocurrency analyst, 2024
How does the withdrawal value impact the ETH market?
The average price of 4,444.76 USD/ETH indicates that withdrawals occurred near the market price, not at unusually low or high prices.
The withdrawal of 16,872 ETH, equivalent to over 74 million USD, may slightly affect Kraken's liquidity, while also creating pressure on the spot market if ETH is sold off quickly.
There is no evidence to suggest this is a sign of a pump or dump, but attention to large withdrawals is always necessary to forecast potential reversal trends or fluctuations in the near future.
Frequently Asked Questions
Can large amounts of ETH withdrawn affect the price of ETH?
A large amount of ETH withdrawn can impact liquidity and supply-demand, causing price volatility in the market, especially when these coins are sold off quickly.
Is withdrawing ETH from the exchange a bad sign for investors?
Not necessarily, as withdrawing ETH may aim to enhance wallet security or serve other investment purposes, not implying a sell-off in the market.
How to track large ETH withdrawals on exchanges?
On-chain analysis tools or following industry news can be used to update information on large withdrawal addresses.
What does the average price of ETH when withdrawn signify?
The average price reflects the reference price in transactions and helps assess the supply-demand pressure of asset transfers.
Is the withdrawal address a whale or a large organization?
Typically, large-volume withdrawal addresses may belong to whales or institutions, but a deeper analysis is needed to determine accurately.
Source: https://tintucbitcoin.com/eth-them-3-333-coin-gia-tri-75-trieu-usd/
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