Inside Onchain 🎩 📈  pfp
Inside Onchain 🎩 📈

@insideonchain

I see the headlines "The Largest Ethereum Outflow of the Year from Coinbase (336K+)"... Be calm, there is no need to run and urgently decide to do something when you see such headlines. Analyzing Coinbase's 2024 data, we can observe that this is the 5th time more than 150,000 Ethereum has been withdrawn from the exchange But this news doesn't really mean anything. There is no known sequence of steps after such news. This only signals that some major player is disposing of a large amount. This means that there is some more significant price movement ahead. The price can go up or down - anything can happen. Most often, such large transactions are OTC transactions.
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