Crypto Whales Offload 1 Million Ether From Exchanges, Bulls Ready To Charge ⋆ ZyCrypto

By: bitcoin ethereum news|2025/05/16 08:30:11
0
Share
copy
Digital asset whales have transferred massive Ethereum (ETH) holdings off centralized exchanges to other custodians. The move follows a bullish price recovery, igniting traders’ confidence in the last seven days. Onchain factors like the Market Value to Realized Value flipped into positive territory, a sign of growing confidence after months in the doldrums. On-chain Factors Support Sustained ETH Rally In the past 30 days, crypto whales have withdrawn one million Ethereum tokens from centralized exchanges. This move to other custodians shows a rising desire to hold assets for longer periods. Weekly trader data also points to a growing sentiment despite slight calls for profit taking. Lower exchange reserves strengthen demand for more inflows, especially due to Ether’s monthly struggles. The asset dipped below the $1,600 mark before recovering strongly to $2,602. At the time of writing, ETH price soared 2% over the past day while seven-day volumes are up 24%. This is due to reduced sell pressure and heightened decentralized finance (DeFi) adoption. Outflow from centralized exchanges can be tracked to DeFi staking protocols to earn yield or cold storage as large holders position for another rally. It should be noted that whale addresses scoop up a larger share of retail volumes during a price recovery as the latter commence profit taking. Altcoin Dominance To Soar? Expert trader Ali Martinez noted that the Simple Moving Average (SMA) is above ETH price, which can signal another major uptick. “ On the 3-day chart, #Ethereum $ETH closing above the 200-period SMA has historically triggered major bull rallies. And that level now sits at $2,700!” Past cycles show that when the altcoin giant closes above the 200 Day SMA, a major recovery becomes inbound especially when coupled with macro reversal. Last month, the White House paused its country-based tariffs, cooling global trade tensions. In effect, crypto and traditional assets spiked with Bitcoin and Ethereum clinching double-digit weekly gains. A major importance of dwindling exchange ETH reserves is bulls flagging an altcoin peak after several months. Market analysts hinted at a higher altcoin dominance, marking expected institutional inflows. The approval of spot ETFs looms in the United States after months of positive regulations. These products will act as a catalyst to attract billions to the XRP and Solana market cap. Source: https://zycrypto.com/crypto-whales-offload-1-million-ether-from-exchanges-bulls-ready-to-charge/

You may also like

Tiger Research: What AI services do cryptocurrency companies offer?

Cryptocurrency giants like Binance and Coinbase have fully launched an AI defense battle: Driven by FOMO sentiment, leading platforms are accelerating the deep integration of AI agents into core businesses such as trading, security, and payments.

The war not only drives up oil prices but also causes Circle's stock price to soar

High interest rate expectations combined with the explosive growth of stablecoin infrastructure have led to Circle's stock price doubling in five weeks against the trend: Understanding the dual game of "macro interest rate trading" and "global payment foundation" behind the surge in one article.

When agents become consumers, who will rewrite the underlying logic of internet commerce?

Thirty years ago, due to the high cost of micropayments, the internet had no choice but to adopt an advertising model. Today, the technical threshold for micropayments is nearly zero, but trust has become the most expensive luxury. Whoever can bridge this gap will dominate the next generation of int...

AI Agents in Action Summit: March 31, Hong Kong Cyberport, focusing on the deep waters of AI implementation

Tomorrow, Hong Kong Cyberport will grandly open. The "AI Agents in Action" summit gathers top experts, directly addressing the real evolution of AI Agents from conceptual celebration to productization and large-scale commercial implementation.

29 Days In, What Are America’s Options on Iran?

The key is not in ground invasion but in the combination of striking capability and governance.

Flash Crash Down 97%+ with Ongoing Unlocking, WLD Completes $65 Million Off-chain Funding: Who Is Still Buying?

In the current deep bear market environment, being able to complete multi-million dollar token trades is quite rare.

Popular coins

Latest Crypto News

Read more