Summary
- It was reported that 368,000 Ethereum have been transferred to exchanges in the past two weeks, potentially increasing selling pressure.
- This amounts to $600 million, and large deposits to exchanges can increase short-term volatility.
- The current Ethereum price is $1,633, down 2.35% from 24 hours ago.
Over 368,000 Ethereum (ETH) have been transferred to exchanges in the past two weeks.
On the 15th (local time), virtual asset (cryptocurrency) analyst Ali Martinez stated via X that "since early April, more than 368,000 Ethereum have entered exchanges." This amounts to approximately $600 million (about 857 billion KRW) based on the current Ethereum price.
Typically, large deposits to exchanges can lead to increased selling pressure, which can cause short-term volatility.
As of 9:45 PM, Ethereum is trading at $1,633 on the Binance USDT market, down 2.35% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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