
BlockTower Capital has made a significant move in the cryptocurrency market by selling $25 million worth of Ethereum, equivalent to 9,232 ETH, through various trading platforms including FalconX, Cumberland, Wintermute, and B2C2 Group. This transaction leaves BlockTower Capital with only 805 ETH, valued at approximately $2.1 million. The sale is part of a broader trend of large-scale cryptocurrency transactions, as another whale has sold $154 million worth of ETH, causing notable market fluctuations. The Ethereum price remains at around $2,600, with bearish indicators suggesting potential further declines. If Ethereum's price falls below $2,500, it could drop to $2,000, although a rise above $2,700 might indicate a potential upward trend.
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UPDATE: ONE WHALE HAS SOLD $86M WORTH OF $SOL IN 2024 ~ LOOKONCHAIN
NEWS: BlockTower Capital recently offloaded $25m worth of Ethereum, selling 9,232 ETH through various trading platforms