Matrixport withdraws $724 million: ETH for BTC on Binance and OKX
According to Lookonchain:
• Matrixport is selling ETH for BTC.
• In the last 2 hours, 2,354.6 BTC (~$272 million) was withdrawn from the exchanges Binance and OKX.
• Yesterday, several Matrixport wallets deposited 95,873 ETH (~$452 million) on the same exchanges.
These are some of the largest flows in the market in recent days — we are closely monitoring the potential consequences for the price of ETH and BTC.
👉 What do you think, is this repositioning or preparation for a massive sale?