Summary
- According to Whale Alert, 42,363 ETH were transferred from an anonymous wallet to Binance.
- This fund movement amounts to 76.69 million USD, which may indicate an increase in selling pressure.
- Currently, Ethereum is trading at 1,803 USD on the Binance USDT market, down 0.28% from 24 hours ago.
A large amount of Ethereum (ETH) has been deposited into Binance.
On the 31st (local time), Whale Alert reported on X that "42,363 ETH were transferred from an anonymous wallet to Binance," stating that "this amounts to 76.69 million USD (approximately 113.1 billion KRW)."
Typically, large deposits to exchanges can lead to increased selling pressure, which may cause short-term volatility.
As of 10:35 PM, Ethereum is trading at 1,803 USD on the Binance USDT market, down 0.28% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
![[Market] Bitcoin breaks below $70,000… Korea premium at 0.31%](https://media.bloomingbit.io/PROD/news/74018332-717e-4495-9965-328fe6f56cb4.webp?w=250)
