Ethereum

Splash

Show

Simply

Cosmos

<p><strong>In a noteworthy development, the 7-day moving average (7d MA) of Ethereum addresses in a loss has surged to an 8-month high, standing at 47,304,857.667</strong> according to data from on-chain analyst <a href="https://twitter.com/glassnodealerts/status/1699078766075465915?s=20" target="_blank" rel="noreferrer noopener nofollow">Glassnode</a>.</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" loading="lazy" width="1024" height="512" src="https://captainaltcoin.com/wp-content/uploads/2023/09/image-90-1024x512.png" alt="" class="wp-image-329240" srcset="https://captainaltcoin.com/wp-content/uploads/2023/09/image-90-1024x512.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-90-300x150.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-90-768x384.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-90-1536x768.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-90-2048x1024.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-90-100x50.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-90-700x350.png 700w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-90-788x394.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-90.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>This indicates a growing number of investors who are currently underwater on their Ethereum investments. The metric serves as a barometer for investor sentiment and could signal caution in the market.</p> 
<h2 class="wp-block-heading" id="whales-make-a-splash-with-425-million-purchase">Whales Make a Splash with $425 Million Purchase</h2> 
<p>Amidst this backdrop of increasing addresses in loss, Ethereum whales have made a significant move. <a href="https://twitter.com/ali_charts/status/1699114874830307707?s=20" target="_blank" rel="noreferrer noopener nofollow">Data </a>reveals that approximately 260,000 $ETH tokens were acquired by large holders within the last 24 hours.</p> 
<p>The value of this massive purchase is estimated to be nearly $425 million. This could be interpreted as a bullish sign, suggesting that big players are seeing current prices as a buying opportunity.</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" loading="lazy" width="1024" height="500" src="https://captainaltcoin.com/wp-content/uploads/2023/09/image-91-1024x500.png" alt="" class="wp-image-329248" srcset="https://captainaltcoin.com/wp-content/uploads/2023/09/image-91-1024x500.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-91-300x146.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-91-766x374.png 766w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-91-1536x750.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-91-2048x1000.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-91-307x150.png 307w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-91-100x49.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-91-717x350.png 717w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-91-788x384.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-91.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<h2 class="wp-block-heading" id="exchange-deposits-reach-1-month-high">Exchange Deposits Reach 1-Month High</h2> 
<p>Adding another layer to the market’s complexity, the 7-day moving average of Ethereum’s exchange deposits has just <a href="https://twitter.com/glassnodealerts/status/1698942884488057114?s=20" target="_blank" rel="noreferrer noopener nofollow">hit</a> a 1-month high of 2,145.685. </p> 
<p>This comes close on the heels of the previous 1-month high of 2,145.327, which was recorded on September 4, 2023. Elevated levels of exchange deposits often imply that investors are moving their assets to exchanges, possibly in preparation for selling.</p> 
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Trade on US-Banned Exchanges With No KYC 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text"> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>Tired of missing hot new listings because your favorite exchange is banned in the US? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
    <p>With <a class="thirstylink" rel="nofollow" target="_blank" title="Rocketxchange" href="https://captainaltcoin.com/go/rocketxchange/" data-shortcode="true">RocketXchange</a> you can finally trade on Kucoin, ByBit and more without registration or KYC! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f64c.png" alt="🙌" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
    <p>Simply connect your wallet to access every coin. No VPN needed.</p> 
    <p>Seamlessly bridge between EVM, Solana, Cosmos and 100+ chains. Discover the next crypto gem with low fees.</p> 
    <p>Take your trading to the next level with:</p> 
    <ul> 
     <li>Instant access to banned CEXs <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6ab.png" alt="🚫" class="wp-smiley" style="height: 1em; max-height: 1em;"></li> 
     <li>No KYC required <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f645-200d-2642-fe0f.png" alt="🙅‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;"></li> 
     <li>Trade on your terms – no registration required</li> 
     <li>Maintain full custody – tokens stay in your wallet</li> 
     <li>Access liquidity across leading DEXs and CEXs</li> 
     <li>Bridge assets quickly between any blockchain</li> 
    </ul> 
    <p>Escape CEX limits today with <a class="thirstylink" rel="nofollow" target="_blank" title="Rocketxchange" href="https://captainaltcoin.com/go/rocketxchange/" data-shortcode="true">RocketXchange</a>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div>  
<p>The confluence of these metrics presents a mixed picture for Ethereum. On one hand, the rising number of addresses in loss may indicate a bearish sentiment among retail investors. On the other hand, the hefty purchases by whales and the uptick in exchange deposits could signify contrasting strategies or expectations among different market participants. As always, investors should exercise due diligence and consider multiple indicators before making any investment decisions.</p> 
<p><em>Join us on <strong><a href="https://twitter.com/intent/follow?screen_name=captainaltcoin" data-type="link" data-id="https://twitter.com/intent/follow?screen_name=captainaltcoin" target="_blank" rel="nofollow">Twitter</a></strong> and <strong><a rel="noreferrer noopener nofollow" href="https://www.facebook.com/captainaltcoin" target="_blank">Facebook</a> </strong>for the latest insights and discussions in the world of crypto.</em></p> 
<p><em>Explore our <strong><a href="https://captainaltcoin.com/tag/news/" target="_blank" rel="noreferrer noopener">news section</a></strong> and stay ahead of the curve with our expert <strong><a href="https://captainaltcoin.com/predictions/" data-type="link" data-id="https://captainaltcoin.com/predictions/" target="_blank" rel="noreferrer noopener">price predictions</a>.</strong></em></p> 
<p>The post <a rel="nofollow" href="https://captainaltcoin.com/ethereum-whales-scoop-up-425000000-eth-while-diverging-metrics-leave-investors-guessing/">Ethereum Whales Scoop Up $425,000,000 ETH While Diverging Metrics Leave Investors Guessing</a> appeared first on <a rel="nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Ethereum Whales Scoop Up $425,000,000 ETH While Diverging Metrics Leave Investors Guessing

Table of Contents

CaptainAltcoin

Other articles published on Sep 6, 2023

NerveNetwork Strengthens Bonds with REI Network as Graph Validator

This Shiba Inu and Pepe Hybrid Just Landed on Major Exchange

Justin Bieber’s Hit Song `Company` Becomes an NFT That Enables Fans To Earn

Riot Platforms says Texas energy strategy reduced production costs by $31M

Blockchain Startup Story Protocol Secures $54 Million Funding Led by Andreessen Horowitz

32% of philanthropists say crypto is their favored method for giving

Join our free newsletter for daily crypto updates!