Analysis: Recent Significant ETH Sell-offs by Two Institutions Might Trigger Market Instability
Jinse reported that on-chain data shows institutional supporters like Galaxy Digital and Paradigm have been significantly reducing their ETH holdings in recent weeks. Specifically:
1. Galaxy Digital has deposited 65,600 ETH (worth $105.5 million) into CEX, reducing its ETH holdings from 98,000 to nearly 68,000 ETH;
2. Paradigm recently transferred 5,500 ETH to Anchorage Digital and has transferred approximately 97,000 ETH (worth about $301.57 million) to Anchorage Digital since January, which were subsequently moved to CEX.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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