According to @OnchainDataNerd, six hours ago a wallet possibly associated with Flowdesk deposited 6.7 million ENA approximately 5.54 million USD to Binance and those tokens were originally received three weeks ago source: @OnchainDataNerd. The on-chain address referenced is 0xB3DA28717944D3BfD8056aB7a2F16569953F466a with details visible at intel.arkm.com/explorer/address/0xB3DA28717944D3BfD8056aB7a2F16569953F466a source: Arkham Intelligence. Flowdesk is identified as one of ENA’s market makers in the cited post source: @OnchainDataNerd. Exchange inflows are commonly monitored by traders as a gauge of potential liquidity supply and short term sell side availability in token markets source: CryptoQuant research.

According to Eric Cryptoman on Twitter, current Bitcoin market sentiment is heavily influenced by market maker activity, suggesting possible near-term volatility. This observation highlights the need for traders to closely monitor liquidity levels and order book movements, as shifts in market maker positioning can lead to rapid price changes. Active traders should consider adjusting risk management strategies and utilize real-time data tools to track large order flows. Source: Eric Cryptoman Twitter, May 21, 2025.