Eve of Bloodshed? Whales Dump $220 Million in ETH in 3 Hours! The Largest Harvesting Machine in History is Starting!
Whale movements often signal market shifts.
Cumberland has transferred two large amounts of ETH to Coinbase Institutional within 3 hours, totaling 47,489 ETH. Such intense actions are certainly not typical retail behavior.
I believe these types of institutional transfers usually release three signals:
First, they provide liquidity for bulk trading.
Second, they prepare for staking/derivative hedging.
Third, they may be preparing for potential selling pressure.
It is particularly noteworthy that both transfers were directed straight into Coinbase Institutional (an institutional-only channel), rather than a regular deposit address, indicating that the recipient may be an institutional client in need of immediate trading depth.
Historically, Cumberland frequently transferred ETH to exchanges before the FTX collapse in November 2023, leading to severe market fluctuations.
Currently, ETH is still in a peak period for staking unlocks and ETF expectation plays, and the whales' choice to heavily deposit into exchanges at this time may hint that some large holders are preemptively positioning for risk hedging.
It is recommended to closely monitor the ETH/USD trading pair spread changes on Coinbase in the next 48 hours—if there are unusually expanded sell orders, it may indicate that short-term pullback pressure is accumulating.
Do you think these types of transfers signal bearish sentiment from institutions, or are they merely routine operations for a market-neutral strategy? #ETH走势分析
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