Ethereum: Whales make rare moves, derivative market reacts

addresses. Furthermore, the ETH was distributed across multiple addresses, with each transaction involving 4,282 ETH.Analyzing Ethereum’s daily timeframe chart revealed a lack of significant price movements. As of this writing, the volume trend appeared stable, andIt showed a modest profit of less than 1%, a slight departure from the less than 1% losses it had encountered in recent trading sessions.

However, as of this writing, the funding rate had turned slightly negative. This shift suggested that derivative traders were still undecided on whetherIt’s worth noting that the ultimate direction of the funding rate by the end of 5 September would play a pivotal role in determining the prevailing market sentiment. The sentiment was evenly balanced at press time, with neither long nor short traders decisively dominating the market.

The recent whale move might be an exchange or market-maker move from all indications. This meant that the large volume of Ethereum moved might be an exchange or a market-maker moving its holdings into different wallets.

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