On December 14, COINOTAG reported significant activity in the crypto market, highlighting an influential **whale** account that aggregated a noteworthy position of **19,992 ETH** at an average entry price of **$2,550** since January **2024**. Recent on-chain data analysis, conducted by the analyst @ai_9684xtpa, revealed that this address initiated a substantial transfer of **2,700 ETH** to **Binance**, translating to an approximate value of **$10.56 million**. Should this ETH be liquidated, the account stands to realize an impressive profit margin of **$3.67 million**. Notably, the address continues to maintain a robust holding of **13,162 ETH**, indicating strategic positioning that could further influence market dynamics. This transfer underlines the importance of monitoring **whale** movements, as they can considerably sway market trends and investor sentiment.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024