Summary
- It was reported that Abraxas Capital deposited 12,000 Ethereum into Binance.
- A large Ethereum deposit is generally interpreted as a sell signal.
- On that day, the Ethereum price was reported to be trading at $2,419.70, up 7.98%.
Cryptocurrency investment firm Abraxas Capital has reportedly deposited a large amount of Ethereum (ETH) into Binance.
According to data from the on-chain data platform Arkham Intelligence on the 23rd (local time), Abraxas Capital deposited 12,000 Ethereum into Binance that day. This is approximately $28.89 million. Such a movement of crypto assets from an external wallet to an exchange is generally interpreted as a sell signal.
Meanwhile, as of 14:20 that day, Ethereum was trading at $2,419.70 on the Binance Tether (USDT) market, up 7.98% from the previous day.
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
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