• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Institutional Investors Move Significant Amounts of ETH to Exchanges

user avatar

by Giorgi Kostiuk

a year ago

  1. Current Institutional Investor Transactions
  2. Ethereum Price Fluctuations
  3. Comparison with Cryptocurrency Market Trends


    4. According to Onchain data, large institutional cryptocurrency investors made some big transactions today.

    Current Institutional Investor Transactions

    According to data provided by Lookonchain, Amber Group, a major cryptocurrency investment firm, sent 6,443 ETH worth $17.62 million to cryptocurrency exchanges Binance and Kraken in a transaction today. On the other hand, another cryptocurrency company, Cumberland, moved 6,439 ETH worth $17.66 million to the cryptocurrency exchange Binance in its latest transaction.

    Ethereum Price Fluctuations

    The possible sales made by these institutional investors, who can be defined as whale wallets, will also bring about a drop in the price of ETH. Ethereum lost approximately 3% of its value during the day, falling from around $2,770 to $2,685.

    Comparison with Cryptocurrency Market Trends

    It should also be noted that this decline is more serious than the general decline in the cryptocurrency market. In addition, ETH's weekly increase rate also lagged behind Bitcoin. While the BTC price increased by 7.5% in the last week, this rate remained around 3% in ETH.

    These transactions and the associated fluctuations in the price of Ethereum highlight the impact of institutional investors on the cryptocurrency market, and potential sales could continue to influence the price of ETH in the future.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

On-Chain Data Indicates Potential Shift Toward Long-Term Accumulation

chest

Analysts suggest that Bitcoin's on-chain metrics signal a transition from distribution to accumulation phases.

user avatarAisha Farooq

Alex Thorn Defends Bitcoin's Digital Gold Narrative

chest

Alex Thorn defends Bitcoin's identity as digital gold, emphasizing its monetary properties over short-term trading behavior.

user avatarTenzin Dorje

Specialists Caution About Quantum Computing Risks to Bitcoin Security.

chest

Experts warn that advances in quantum computing could pose a significant risk to Bitcoin's security in the coming years.

user avatarMohamed Farouk

Investors Shift Capital from Bitcoin and Ethereum to XRP

chest

A notable capital rotation is occurring as investors decrease their exposure to Bitcoin and Ethereum while increasing allocations into XRP.

user avatarBayarjavkhlan Ganbaatar

XRP Price Encounters Ongoing Decrease and Resistance Points.

chest

XRP price has extended its losses, trading below 1450, and is now consolidating with significant resistance levels ahead.

user avatarElias Mukuru

Bitcoin Technical Indicators Show Mixed Signals

chest

Current technical indicators for Bitcoin suggest a mixed outlook with potential for both gains and losses.

user avatarKenji Takahashi

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.