Three Bearish Signals for Ethereum as Whales Sell and Exchange Reserves Grow
- —ETH exchange reserves rose from 14.59 million to 14.93 million in two weeks
- —An OTC whale sold 9,996 ETH for $25 million, booking $24.48 million in profit
- —POAP founder deposited 10,000 ETH worth $25.05 million to Gemini
- —Coinbase Premium Index fell to -0.1173, its lowest in two months
Why it matters: If whales don't return as buyers and ETF inflows don't resume, ETH could extend its October losses.
Source: BeInCrypto FR
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