Recently, I noticed an interesting on-chain movement—Grayscale has transferred 17,148 ETH and 117.24 BTC to a leading compliant platform. This transfer is quite significant; the market value of this ETH is approximately $50.26 million.



When it comes to such transfers, the market generally views them as a precursor to capital outflows. After all, on-chain actions by major institutions often indicate subsequent market trends. The current question is whether this move by Grayscale is part of a capital reallocation or if they are truly planning to reduce their holdings. Everyone is closely watching this.

From on-chain data, such transfers of this scale are indeed noteworthy. If there are further actions, they could impact the short-term trends of Ethereum and Bitcoin.
ETH-0.45%
BTC0.19%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
liquidation_surfervip
· 2h ago
Grayscale is causing trouble again. Are they really going to dump the market this time? Or are they just switching wallets for fun?
View OriginalReply0
GhostChainLoyalistvip
· 6h ago
Grayscale is stirring up trouble again. The data indeed looks a bit uncertain... But I actually think this might not be a bad signal. Maybe it's just stored somewhere else?
View OriginalReply0
GasDevourervip
· 6h ago
Grayscale is causing trouble again. This time, they are transferring so many coins, it feels like something's going to happen.
View OriginalReply0
WhaleWatchervip
· 6h ago
Grayscale is making a move again; it's truly able to stir the market's nerves every time.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)