Ethereum sell-off fears rise as crypto hedge fund moves $60M ETH to an exchange - BitcoinEthereumNews.com
क्रिप्टो Ethereumजैसे ही क्रिप्टो हेज फंड $60M ETH को एक्सचेंज में ले जाता है, Ethereum बिकवाली का डर बढ़ जाता है05 / 30 / 2022बिटकॉइन एथेरियम समाचार एथेरियम का मूल टोकन ईथर (ETH) rose by more than 5% to reach its intraday high above $1,930 on May 30. Nonetheless, the ETH/USD pair risks facing another sell-off round due to concerns about a massive ETH inflow into an exchange. 58.7K Ether transferred to FTX in May On May 30, the Ether address allegedly associated with Three Arrow Capital — a Singapore-based crypto hedge fund, sent 32,000 ETH worth $60 million to the FTX crypto exchange within a span of an hour, on-chain data shows. The bulk transfer, which follows the funds 26,700 ETH deposit to the same exchange earlier in May, raised suspicions that it would dump the Ether stash. That is primarily because, in theory, investors transfer crypto to their exchange wallets only when they want to sell them for other assets. dump eeth? https://t.co/7xdI80P8rZ — Tim Copeland (@Timccopeland) 30 मई 2022 Nonetheless, the number of Ether held by exchanges continued to drop in May, according to on-chain data tracked by Glassnode. RSI ETH balance across all the crypto exchanges dropped from 20.45 million to 20.38 million month-to-date