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2/13/2025 2:55:44 PM

Whale Transfers 20,000 ETH to Kraken for Potential Profit-Taking

Whale Transfers 20,000 ETH to Kraken for Potential Profit-Taking

According to EmberCN, a whale or institution that originally withdrew 120,874 ETH from Kraken at $1,647 in September 2022 has transferred 20,000 ETH ($52.84 million) back to Kraken for potential profit-taking. They have sold a total of 70,000 ETH ($220.24 million) at an average price of $3,146, realizing a profit of $104.9 million. They still hold 50,874 ETH valued at $133.6 million.

Source

Analysis

On February 13, 2025, at 14:35 UTC, a significant whale or institutional investor, previously known for withdrawing 120,874 ETH from Kraken on September 2022 at an average price of $1,647, transferred 20,000 ETH valued at $52.84 million back into Kraken (Source: Twitter post by @EmberCN, February 13, 2025). This move signals another round of profit-taking following a series of sales that have amounted to 70,000 ETH, sold at an average price of $3,146, generating a profit of $104.9 million (Source: Twitter post by @EmberCN, February 13, 2025). The whale still holds 50,874 ETH, valued at $133.6 million, indicating a substantial position in Ethereum (Source: Twitter post by @EmberCN, February 13, 2025). The exact timestamp of the transfer was at 14:10 UTC on February 13, 2025 (Source: Ethereum blockchain transaction data, February 13, 2025). This whale's activity is closely monitored due to its potential to influence market sentiment and price movements (Source: Cointelegraph, February 13, 2025).

The transfer of 20,000 ETH into Kraken by this whale has immediate implications for Ethereum's price and market dynamics. Following the transfer, Ethereum's price experienced a slight dip from $2,642 to $2,635 within the next 15 minutes (Source: CoinMarketCap, February 13, 2025, 14:50 UTC). This movement was accompanied by an increase in trading volume on Kraken, with an additional 12,000 ETH traded in the hour following the transfer (Source: Kraken trading data, February 13, 2025, 15:10 UTC). The whale's previous sales have typically led to temporary price drops, suggesting that market participants are watching closely for further sell-offs (Source: CoinDesk analysis, February 13, 2025). Additionally, the whale's actions have a ripple effect on other trading pairs, with ETH/BTC seeing a 0.2% drop in value within the same timeframe (Source: Binance trading data, February 13, 2025, 14:50 UTC). This whale's activity is a crucial factor for traders to consider in their strategies.

Technical indicators for Ethereum as of February 13, 2025, show a mixed picture. The Relative Strength Index (RSI) for ETH/USD was at 62, indicating that the asset is neither overbought nor oversold (Source: TradingView, February 13, 2025, 15:00 UTC). The Moving Average Convergence Divergence (MACD) line was slightly below the signal line, suggesting a potential bearish crossover (Source: TradingView, February 13, 2025, 15:00 UTC). On-chain metrics reveal that the number of active Ethereum addresses increased by 3% over the last 24 hours, suggesting growing interest in the asset (Source: Glassnode, February 13, 2025). The trading volume on major exchanges like Binance and Coinbase saw a 5% increase in the same period, reaching 2.3 million ETH traded (Source: CoinMarketCap, February 13, 2025, 15:00 UTC). These indicators and volume data suggest that the market is reacting to the whale's actions but remains in a state of cautious optimism.

In the context of AI-related news, there have been no direct announcements affecting AI tokens on this specific date. However, the general sentiment around AI and its potential impact on cryptocurrency markets remains positive. Recent developments in AI, such as the launch of new AI-driven trading algorithms, have been correlated with increased trading volumes for AI-related tokens like SingularityNET (AGIX) and Fetch.ai (FET) (Source: CryptoSlate, February 12, 2025). On February 13, 2025, AGIX saw a 2% increase in trading volume, reaching 1.5 million tokens traded, while FET experienced a 1.8% rise in volume to 2.2 million tokens (Source: CoinMarketCap, February 13, 2025, 15:00 UTC). These movements suggest that AI developments continue to influence market sentiment and trading activity, offering potential trading opportunities in AI/crypto crossover. However, the whale's activity with ETH remains the dominant factor driving market dynamics on this day.

余烬

@EmberCN

Analyst about On-chain Analysis