ETH recently had a single nearly 10,000 large transfers with a transaction volum

[Game.Ethereum]

Today at 10:45:20, the address starting at 0x92 transferred nearly 10,000 ETHs to Bitfinex's wallet address. According to the current price of Bitfinex, the transaction amount is about 2.65 million US dollars.
The small currency tracking found that the address starting with 0x92 had previously transferred ETH to the Bitfinex wallet address several times.

[1715257940]

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[1715257940]

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[Summation]

Such information does not determine why Ethereum is so declining. Does it mean that Ethereum will experience panic selling? Perhaps the current $300 is still very expensive, will the Ethereum drop to $100?

[izza123]

Such information does not determine why Ethereum is so declining. Does it mean that Ethereum will experience panic selling? Perhaps the current $300 is still very expensive, will the Ethereum drop to $100?

Over the past month, ICO-projects that attracted funds mainly in ETH, sold about 100 thousand ETH, which put pressure on the price of the crypto currency and led to a significant reduction in its rate.

[sister1001]

Today at 10:45:20, the address starting at 0x92 transferred nearly 10,000 ETHs to Bitfinex's wallet address.

It can be either a whale correcting its position, or most likely a cold storage wallet sending the funds to the market to allow for withdrawals. Many people are getting better off with the fall.

[saganpav]

I think that this will only complicate the current situation with Ethereum. Even whales leave eth in the low market. I am very worried because I can lose my contributions, but I will still wait for improvement.

[eaglewhite80]

I wonder why a lot of people pay so much attention to what is transferred to an exchange. If it is a huge amount owned by a whale and he is ready to droop what he is holding to buy lower based on his strategy, then so what? The market was already in a huge downtrend even before then, I just find it not so interesting when people just keep panicking for no reason at all. Whichever way, it is a market, and funds can be moved around as pleased by anyone.

[Herlina]

I wonder why a lot of people pay so much attention to what is transferred to an exchange. If it is a huge amount owned by a whale and he is ready to droop what he is holding to buy lower based on his strategy, then so what? The market was already in a huge downtrend even before then, I just find it not so interesting when people just keep panicking for no reason at all. Whichever way, it is a market, and funds can be moved around as pleased by anyone.

Maybe they panic and want to find a reason about this long bearish market or they pay attention to it because they want to get a topic for FUD, whatever their reasons I think they are wrong, I completely agree with your view, actually, a big transaction to the exchange does not mean anything because we don't know the intention of the asset owner

[vladuch1]

Such information does not determine why Ethereum is so declining. Does it mean that Ethereum will experience panic selling? Perhaps the current $300 is still very expensive, will the Ethereum drop to $100?

I also do not understand why ETH is so rapidly declining. I do not think that ETH will drop to $ 100, because it is very low for him. Is it possible that whales are involved?