Two whales deposit 5,069.5 ETH worth $11.69M to exchanges
- —0x882…42058 deposited 2,558.5 ETH to Kraken, worth $5.9M
- —The address's average entry was near $2,880, so a sale would realize a loss
- —0x5a3…Cf9F5 withdrew 2,511 ETH from Aave and sent it to Binance ($5.79M)
- —That wallet had been dormant for 11 months
Why it matters: Large exchange deposits often precede sales and add selling pressure on ETH near $2,300.
Source: PANews