Over the past three hours, wallets belonging to cryptocurrency analytics and investment firm Matrixport have deposited a total of 95,873 ETH (approximately $452 million) on the Binance and the OKX exchange.
Over the past two hours, 2,354.6 BTC ($272 million) has been withdrawn from the same wallet from Binance and OKX.
This move is interpreted as a company that sells ETH and buys BTC.
Another notable movement in the Ethereum market came from constant buying and selling of address 0x3C9E. This unfortunate whale is known to sell during market dips and buy again when prices rise. Here are his deals over the past few months:
- July 29th – August 3: 38,582 ETH ($136.9 million) sold, average price of $3,548.
- August 8th – 15th: 16,800 ETH ($74.3 million) was acquired, with an average price of $4,424.
- August 16-20: 10,900 ETH ($47.6 million) sold, average price $4,369.
- Last 20 hours: 7,500 ETH ($35.6 million) has been repurchased, with an average price of $4,747.
Another notable move came from major Bitcoin investors. This early stage whales increased their Ethereum holdings by selling an additional 4,000 BTC (approximately $460 million). He has purchased 179,448 ETH ($886 million) so far, but the average cost is $4,490. He currently has a long position of 135,265 ETH ($581 million).
*This is not investment advice.
