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Ethereum Whale Moves 3,492 ETH to Binance — Monitor for Selling Pressure

I noticed a whale deposited 3,492 ETH to Binance in the past 24 hours and appears to have realized about $17.37 million in profit.

This large exchange inflow can increase potential selling pressure, though a single transfer isn't definitive proof of imminent distribution.

I'll monitor continued exchange flows, order book depth, and price reaction before making position changes.

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Analysis

Large deposits to exchanges often precede selling; given the reported profit, the move raises the probability of near-term downside but is not conclusive without sustained outflows, heightened sell vo...

Recommendation

Watch exchange inflows and order-book liquidity closely; avoid initiating new long positions into potential distribution and consider trimming exposure only if follow-through selling and volume confir...

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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