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34,999 ETH Deposit to Coinbase Could Signal Selling Pressure

At 16:40 UTC, 34,999 ETH (about $162.8M) moved from an unknown wallet to a Coinbase institutional account. I note the size and destination because large deposits to exchanges often precede market activity.

I view this as a potential source of selling pressure but not a certainty—an institutional deposit can also be custody or a pre-arranged OTC trade. I'll watch on-chain flows and Coinbase order book/liquidity for confirmation.

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Analysis

Large transfers to exchange custody increase the probability of future sell-side activity but are ambiguous alone; destination (Coinbase institutional) suggests either custody or a staged sell, so con...

Recommendation

Watch closely: monitor Coinbase inflows/outflows, order book depth and price action; avoid initiating large new long positions until the intent is clearer, and consider trimming exposure if confirmed ...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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