Summary
- Whale Alert reported that 77,735 Ethereum (ETH) were transferred to Bitfinex.
- The amount is said to be worth approximately ₩507 billion.
- A large-scale coin deposit may indicate an increase in selling pressure and a potential rise in short-term volatility.
77,735 Ethereum (ETH) were transferred to Bitfinex.
According to the cryptocurrency transaction tracking site Whale Alert, at around 19:08 on the 23rd, 77,735 ETH were sent to Bitfinex. This amounts to approximately $368.58 million (about ₩507.7 billion).
Typically, large coin deposits into exchanges can lead to increased selling pressure, which may cause heightened short-term volatility.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
![[Key Economic and Crypto Calendar for the Week Ahead] US Weekly Initial Jobless Claims, etc.](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
![[Market] Bitcoin briefly gives back $69,000… Fallout from Trump’s ‘Strait of Hormuz warning’](https://media.bloomingbit.io/PROD/news/78293fc1-a315-4ebb-81cf-f2cb32921d57.webp?w=250)