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06/19 06:55

Ethereum whale sells $1.29M as short liquidations

Ethereum whale sells $1.29M as short liquidations rise and exchange inflows fall, indicating potential upside.

The Ethereum sleep whale has sold over $1.29 million in ETH, but still holds $20 million.

A sharp rise in short liquidations and a decline in exchange inflows could indicate a short squeeze and an upcoming rally in ETH.

The Ethereum [ETH] whale, which has been dormant for the past two years, just sold 501 ETH — worth about $1.29 million — in the last hour.

Despite the move, the wallet still holds a substantial 8,052 ETH, valued at about $20.43 million, according to a tweet from a prominent analyst. This activity is in line with a larger trend of whale accumulation.

 While ETH price has remained range bound for the past month, recent moves by large holders could be a signal that a potential rally is in the works.



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