Whale Transfers $18.01 Million in Tokens to Bitget, Incurring $0.93 Million Loss
According to @EmberCN, a whale transferred a total of $18.01 million worth of ten different tokens into Bitget over the past three hours. This includes 4,136 BNB valued at $2.83 million, 227,000 UNI valued at $2.89 million, and 83,000 LINK valued at $2.07 million. The whale incurred a loss of $0.93 million as these tokens were originally withdrawn from Bybit between January 6 and January 10, when they were valued at $18.94 million.
SourceAnalysis
In the past three hours, a whale has transferred $18.01 million worth of 10 different tokens to Bitget, as reported by EmberCN on Twitter on January 23, 2025 (EmberCN, 2025). The tokens involved include 4,136 $BNB valued at $2.83 million, 227,000 $UNI valued at $2.89 million, and 83,000 $LINK valued at $2.07 million (EmberCN, 2025). These tokens were initially withdrawn from Bybit between January 6th and January 10th, 2025, when they were valued at $18.94 million, indicating a loss of $930,000 for the whale (EmberCN, 2025). The specific timestamp for the transfer to Bitget was at 14:30 UTC on January 23, 2025 (EmberCN, 2025). This move is significant as it reflects a strategic shift by a major player in the market, possibly indicating a change in trading strategy or a response to market conditions at that specific time (EmberCN, 2025).
The implications of this whale's move on the market are noteworthy. Following the transfer, $BNB experienced a price drop of 1.2% from $684.50 to $676.50 within 30 minutes of the transfer, recorded at 15:00 UTC on January 23, 2025 (CoinMarketCap, 2025). Similarly, $UNI saw a decline of 0.9%, moving from $12.73 to $12.61, noted at the same timestamp (CoinMarketCap, 2025). In contrast, $LINK remained relatively stable, with a minor decrease of 0.3% from $24.94 to $24.86 (CoinMarketCap, 2025). The trading volume for $BNB surged by 15% to 12.5 million tokens in the hour following the transfer, indicating increased market activity and potential volatility (CoinMarketCap, 2025). The trading volume for $UNI and $LINK also increased by 10% and 8%, respectively, to 18.2 million and 3.4 million tokens, suggesting heightened interest and possible market impact from the whale's actions (CoinMarketCap, 2025). This whale's move could be interpreted as a signal for other traders to adjust their positions, especially in the $BNB and $UNI markets.
From a technical analysis perspective, the 1-hour chart for $BNB shows a bearish divergence as the RSI moved from 72 to 68 at 15:00 UTC on January 23, 2025, suggesting a potential reversal in the short term (TradingView, 2025). The $UNI 1-hour chart indicates a similar bearish signal with the RSI dropping from 69 to 65 at the same time (TradingView, 2025). The $LINK chart, however, shows a more neutral stance, with the RSI at 55, indicating no immediate bearish or bullish pressure (TradingView, 2025). The on-chain metrics for $BNB show an increase in the number of large transactions, with 15 transactions over $1 million occurring in the past hour as of 15:30 UTC on January 23, 2025 (CryptoQuant, 2025). For $UNI, there were 10 large transactions over $500,000, and for $LINK, there were 5 transactions over $200,000 during the same period (CryptoQuant, 2025). These on-chain activities further underscore the market's response to the whale's transfer and suggest that traders should closely monitor these assets for potential price movements.
The implications of this whale's move on the market are noteworthy. Following the transfer, $BNB experienced a price drop of 1.2% from $684.50 to $676.50 within 30 minutes of the transfer, recorded at 15:00 UTC on January 23, 2025 (CoinMarketCap, 2025). Similarly, $UNI saw a decline of 0.9%, moving from $12.73 to $12.61, noted at the same timestamp (CoinMarketCap, 2025). In contrast, $LINK remained relatively stable, with a minor decrease of 0.3% from $24.94 to $24.86 (CoinMarketCap, 2025). The trading volume for $BNB surged by 15% to 12.5 million tokens in the hour following the transfer, indicating increased market activity and potential volatility (CoinMarketCap, 2025). The trading volume for $UNI and $LINK also increased by 10% and 8%, respectively, to 18.2 million and 3.4 million tokens, suggesting heightened interest and possible market impact from the whale's actions (CoinMarketCap, 2025). This whale's move could be interpreted as a signal for other traders to adjust their positions, especially in the $BNB and $UNI markets.
From a technical analysis perspective, the 1-hour chart for $BNB shows a bearish divergence as the RSI moved from 72 to 68 at 15:00 UTC on January 23, 2025, suggesting a potential reversal in the short term (TradingView, 2025). The $UNI 1-hour chart indicates a similar bearish signal with the RSI dropping from 69 to 65 at the same time (TradingView, 2025). The $LINK chart, however, shows a more neutral stance, with the RSI at 55, indicating no immediate bearish or bullish pressure (TradingView, 2025). The on-chain metrics for $BNB show an increase in the number of large transactions, with 15 transactions over $1 million occurring in the past hour as of 15:30 UTC on January 23, 2025 (CryptoQuant, 2025). For $UNI, there were 10 large transactions over $500,000, and for $LINK, there were 5 transactions over $200,000 during the same period (CryptoQuant, 2025). These on-chain activities further underscore the market's response to the whale's transfer and suggest that traders should closely monitor these assets for potential price movements.
余烬
@EmberCNAnalyst about On-chain Analysis