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Ether Address Clears Holdings After Depositing 4,114.5 ETH Worth $8.46 Million to Kraken

A cryptocurrency address has cleared its entire Ether balance after transferring 4,114.5 ETH to the Kraken exchange. The transaction was valued at approximately $8.46 million at an estimated market price of $2,056.57 per ETH. On-chain tracking identified the originating wallet partially as 0xF25…5c62b, noting a history of frequent interactions with major Ethereum block builders, including Titan builder and Beaverbuild. Large centralized exchange deposits and full position liquidations typically signal potential selling pressure in the spot market.

Category

Ethereum

Sentiment

Bearish

Event

Analyst flows

Reading time

1 min