Ethereum Whale Dumps 128,972 ETH to Exchanges After 3-Year Hold
- —Whale withdrew 130,591 ETH from Bitfinex between April and November 2023 at an average of $2,026.56
- —128,972 ETH — nearly the entire position — has been sent back to exchanges
- —On-chain trail points to a complete exit
Why it matters: Returning a large position to exchanges raises the risk of sell pressure on ETH in the near term.
Source: Coinotag