Bullish
Warning of selling pressure as a whale transfers $9.6M in ETH to the exchange.
2026-08-05 15:02
A whale transferred 5,153 ETH worth $9.6M to Bybit's hot wallet, raising concerns about potential selling pressure.
On-chain monitoring: 5,153.20 ETH (worth 9.6M) was transferred from the exchange (sender) to Bybit: Hot Wallet (the exchange). Sender address: 0x79b4d454ad08acc85f41a4fffa0d1c8bd7d44b25, Receiver address: 0xf89d7b9c864f589bbf53a82105107622b35eaa40.
WOOFUN AI
Impact Assessment · Quick Read
Large ETH deposits into exchanges often signal short-term bearish sentiment, potentially triggering sell-offs. This move may weigh on ETH prices, warranting close monitoring of spot order books and market sentiment.
Generated by WOOFUN AI · For reference only, not investment advice
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