Investigate abnormal activity of massive wallets depositing BTC and ETH into CEXs right now.

There is debate whether the US Government wallets, MT Gox wallet and Jump trading wallets may or may not be selling large sums of BTC and ETH.

Jump trading was identified to have sent $26.6m BTC to various exchanges, their largest deposit is into binance $24.7m

Read more from The Block and Julio Moreno for the debate.

In the past 24 hours, what wallets have been the largest deposits to a CEX (in $eth)? What CEX is being used the most? Are there any other major whale activities to take notice of?

In this dashboard, the transfer of ETH between the Ethereum network and centralized exchanges has been investigated to validate the recent discussion about the ETH sell-off due to the rumors related to the US government's decision about crypto.

To track the ETH flow between CEXs and the Ethereum network, this dashboard is divided into the following parts:

• General view related to the inflow/outflow to CEXs
• Breakdown by CEXs
• Breakdown by users and Whales
• Trade analysis related to the ETH

Centralized exchanges (CEX) are platforms that allow users to trade cryptocurrencies and other digital assets. These exchanges are important because they provide liquidity to the market, allowing users to buy and sell assets quickly and easily. In addition, CEXs often offer advanced trading features, such as margin trading and order books, which can be useful for experienced traders.

When an investor sends their assets to a centralized exchange, it can have an impact on the market in several ways. Firstly, it can increase the liquidity of the asset on the exchange, which can lead to increased trading volume and potentially drive up the price. However, it can also lead to increased selling pressure if a large number of investors decide to sell their assets on the exchange. This can cause the price to decrease as supply exceeds demand.

Additionally, sending assets to a centralized exchange can also have implications for security. Centralized exchanges are vulnerable to hacking and theft, which can result in significant losses for investors and negatively impact the market. Therefore, it is important for investors to carefully consider the risks and benefits of sending their assets to a centralized exchange and to take appropriate security measures to protect their investments.

The data provided by Flipside has been used to handle this analysis.

• In this investigation, first of all, the centralized exchanges (CEXs) on the Ethereum network are identified based on the labels:

SELECT *  from Ethereum.core.dim_labels  where label_type='cex' 

• The inflow and outflow of ETH into the CEXs from the Ethereum network have been calculated on a daily basis since the start of April 2023.
• The domination of CEXs on the Ethereum network has been determined based on the volume of transferred ETH into them.
• The leaderboard of the users who sent ETH into the CEXs is provided for the past day.
• In the determination of users, the wallets with labels are excluded to find the real users not labeled addresses of protocols.
• Also, the participation of Whales has been drawn.
• Whales are users who sent more than 100 ETH into the CEXs.
• The trade analysis of the ETH token has been investigated since the start of April 2023.