whale recently transferred around $15 million worth of assets to an exchange. This action occurred shortly after news emerged of ETF approvals in Hong Kong.Further analysis showed that the same whale withdrew 96,638 ETH from Coinbase back in September 2022. At this time, ETH was valued at around $1,567, bringing the value of the withdrawal to over $151.4 million.
Furthermore, these declines have intensified ETH’s bearish trend, evident from its Relative Strength Index hovering around 40 and its Moving Average Convergence Divergence indicating a trend below zero.
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