Whale Trend Research Flooding More Than 43 Million Dollars $BTC On Binance Just In 20 Minutes
Traders in the system $ETH should be very cautious, a strong flooding event has just taken place right before our eyes. Whale Trend Research has just executed a drastic sell-off, pushing a large amount of ETH onto Binance for liquidity.
On-chain data records a staggering rate of pushing assets. In just a brief 20 minutes, this wallet has transferred a total of 20,770 ETH to the deposit wallet of Binance:
- Sub wallet 0x6e9 made a deposit of 11,000 ETH.
- Sub wallet 0x85e added a deposit of 9,770 ETH.
The rapid influx of coins onto the exchange is often a signal that they want to sell immediately into stablecoin.
After this sell-off, Trend Research currently holds only about 10,303 ETH. With this momentum, it is possible that they will sell off the remaining portion to completely exit their position.
Long holders, be careful not to get hurt by this selling pressure!