Sam Price Reveals Large Ethereum Transfer Dynamics

According to Twitter user Sam Price, three major wallets have withdrawn 24,454 Ethereum from Kraken and Binance, amounting to approximately $60.7 million. One of the wallets has staked its Ethereum, while another has deposited it into Aave. Meanwhile, another large holder converted 1,917.7 Bitcoin into 64,545 Ethereum within 11 days. The current price of Ethereum is around $2,405, close to the resistance level of $2,500. The large outflow of funds from exchanges has reduced market supply.

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