Bitfinex: Wallets Deposit 48,047 ETH After Inactivity
Bitfinex receives 48,047 ETH ($130.7M) from four dormant wallets after two years as ETH trades at $2720 with RSI at 73.81.
SourceAnalysis
Four wallets deposited 48,047 ETH ($130.7M) into Bitfinex after over two years of inactivity, per @lookonchain, underscoring the significance of whale ETH movements to exchanges after years of inactivity and large dormant Ethereum wallets depositing to Bitfinex history.
With ETH price testing upper Bollinger resistance at $2718.49 while RSI(14) flashes overbought at 73.81, a healthy retracement to the 50-EMA support at $2551.56 seems probable before further continuation amid the bullish MACD golden cross.
Lookonchain
@lookonchainLooking for smartmoney onchain
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