Long-Term Ethereum Investor Sells $12.7 Million in ETH: Market Impact Analysis and Trends

Monday, 13 May 2024, 13:40
A long-term Ethereum investor recently sold $12.7 million worth of ETH on Coinbase, signaling a possible market impact. The movement raises questions about whether long-term Ethereum investors are cashing out, supported by on-chain analysis data. Despite large-scale disposals, experts express optimism about Ethereum's market outlook, citing bullish signals in price models and on-chain metrics.
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Long-Term Ethereum Investor Sells $12.7 Million in ETH: Market Impact Analysis and Trends

Ethereum Investor Sells $12.7 Million in ETH

A long-term Ethereum investor transferred 4,153 ETH, valued around $12.17 million, to Coinbase, possibly indicating intentions to sell.

Are Long-Term Ethereum Investors Cashing Out?

The transfer involves a substantial quantity of Ethereum to Coinbase, suggesting a plan to sell rather than hold.

Regarding profitability, the investor realized significant gains from previous ETH acquisitions.

Ethereum Total Supply Unmoved Since Five to Seven Years

Data shows a decline in ETH supply held for five to seven years, reflecting a broader pattern of long-term holders making moves.

Experts, however, express optimism about the market outlook for Ethereum, noting positive signals in price models and on-chain metrics.

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