Analyst: Whether the price of ETH will continue to rise after a $160 million transfer at Wintermute remains to be verified
2026-09-12 01:27:11
According to CoinMeta, Wintermute recently deposited 61,847 units of ETH into Binance and Coinbase, worth approximately $160.3 million. The price of ETH once rose to $2,665 during the day, forming a golden cross signal, but this large transfer complicated the market signals. Bitfinex recorded a net inflow of about $495 million in ETH, while Binance and OKX saw a combined net outflow of about $343 million. Although there were bullish signals in the price of ETH, the transfer of Wintermute increased market uncertainty. Currently, the price of ETH is hovering around $2,580, and the market is struggling between an improving chart pattern and contradictory exchange flows.
Source:Coinpedia
This content is for market information only and does not constitute investment advice.
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