An ETH whale has just transferred a large bag of tokens; Does this raise concerns among traders?For cryptocurrency traders, a huge warning signal is that the Ethereum (ETH) Whale has just transferred a large bag of tokens, and cryptocurrency is up 3% per week. Does this transfer mean that the ETH price will further increase?Large whale trading like this usually involvesFear, Uncertainty, and Doubt (FUD)Related, as transferring to the cryptocurrency exchange may mean that whales are selling tokens
An ETH whale has just transferred a large bag of tokens; Does this raise concerns among traders?
For cryptocurrency traders, a huge warning signal is that the Ethereum (ETH) Whale has just transferred a large bag of tokens, and cryptocurrency is up 3% per week. Does this transfer mean that the ETH price will further increase?
Large whale trading like this usually involvesFear, Uncertainty, and Doubt (FUD)Related, as transferring to the cryptocurrency exchange may mean that whales are selling tokens. Therefore, this may cause Ethereum prices to plummet in the short term.
Previously, Etherscan datadisplayWhale transferred 8000 ETHs to Coin An, with a value of over 13 million. This transfer, along with the previous transactions of Whale, has transferred a total of 12000 ETH to the exchange in the past three weeks. His wallet address currently has a balance of 10902ETH, including 57 other tokens.
The timing of the whale transfer raises the question of whether a broader sell-off in the cryptocurrency market is expected in response to the speech of Federal Reserve Chairman Jerome Powell after the September 20, 2023 meeting of the Federal Open Market Committee (FOMC). This situation maymeeting 2% 2023 11 12 FOMC meeting 2024
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