Summary
- Whale Alert reported that 40,000 Ethereum (ETH) was deposited into the Bitfinex exchange.
- The deposit amounts to approximately $146.08 million (about 214.1 billion KRW).
- Large deposits generally lead to increased selling pressure and short-term volatility.
A large amount of Ethereum (ETH) has been deposited into the global cryptocurrency exchange Bitfinex.
According to Whale Alert, a cryptocurrency transaction tracking site, 40,000 Ethereum (ETH) was deposited into the Bitfinex exchange at around 17:18 on the 6th. This amounts to $146.08 million (approximately 214.1 billion KRW).
Typically, large deposits to exchanges can lead to an increase in selling pressure, which may cause short-term volatility.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
