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Whales Sell 43,000 ETH on Coinbase, While 'Smart Money' Bought ETH on Dip This Week

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Heavy ETH transfers land on Coinbase exchange one after other

It is likely that these transfers were made with an intention to sell that ETH. However, as the whale moved the Ethereum to Coinbase, the ETH price took a small dive of less than 2%.

Earlier this week, there were also two massive ETH transactions made to Coinbase, each carried 150,000 ETH. However, deep analysis of Arkham Intelligence clarified that those were just internal transfers made by Coinbase between its cold and hot wallet addresses.

 

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