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Latest data shows that against the backdrop of a significant downturn in the crypto assets market, several large investor accounts have begun to transfer Ethereum (ETH) in large quantities to mainstream exchanges. This move has raised concerns in the market about potential dumping pressure.
According to real-time monitoring from a blockchain data analysis platform, multiple high-net-worth addresses have conducted large-scale ETH transfer operations in the past hour. Among them, an account with the prefix 0x1D8d transferred nearly 18,000 ETH to the well-known exchange Coinbase, equivalent to approximately 77.4 million USD at the current market price.
At the same time, another account with the address prefix 0x5A8E deposited 13,521 ETH, worth about 57.72 million USD, into Binance, the world's largest Crypto Assets exchange, in just 12 minutes. Following that, an address starting with 0x3684 transferred 3,003 ETH to Binance within 20 minutes, worth about 12.89 million USD.
These large-scale fund transfers are interpreted by market analysts as some large investors possibly preparing for potential dumping. Given the current fragile market sentiment, these trends undoubtedly bring more uncertainty to the already pressured ETH price.
Nevertheless, some experts remind investors not to overinterpret a single signal. They point out that the transfer of Large Investors' funds does not necessarily mean immediate dumping; it could also be due to other strategic considerations. However, given the current sensitivity of the market, these actions will undoubtedly continue to be the focus of market attention.
As the situation continues to develop, market participants are closely monitoring the subsequent movements of these Large Investors' accounts and the potential impact they may have on the overall market trend. During this uncertain period, investors are advised to remain vigilant and closely watch market dynamics.