ETH and BTC sell-off
In recent times, there has been a lot of talk about the abnormal activity of massive wallets depositing BTC and ETH into centralized exchanges (CEXs). This has led to some speculation regarding the potential involvement of entities like the US Government wallets, MT Gox wallet and Jump trading wallets in selling large sums of BTC and ETH.
It has been reported that Jump trading has sent a significant amount of BTC, amounting to $26.6 million, to various exchanges, with the largest deposit being to Binance at $24.7 million. This has fueled the ongoing discussion about the potential sale of BTC and ETH by large entities.
To investigate this phenomenon further, this dashboard has been created to track the flow of ETH between CEXs and the Ethereum network. The goal is to validate the recent discussions about the ETH sell-off that is said to be linked to rumors surrounding the US government's stance on crypto.
The dashboard has been divided into various parts to allow for a detailed analysis of the ETH flow between CEXs and the Ethereum network. The general view section provides a comprehensive overview of the inflow and outflow to CEXs, while the breakdown by CEXs section allows for a more specific analysis of the top exchanges being used for ETH deposits.
The dashboard also includes a breakdown by users and whales, allowing for a deeper analysis of the individuals and entities involved in the transfer of ETH between CEXs and the Ethereum network. Additionally, trade analysis related to the ETH is also included to provide a better understanding of the market dynamics and trading patterns surrounding the cryptocurrency.
Overall, this dashboard provides a useful tool for investigating the ongoing discussion about abnormal activity related to the transfer of BTC and ETH to CEXs. By examining the various aspects of this phenomenon, it may be possible to gain a better understanding of the potential motivations behind these large transfers and the impact they may have on the crypto market.
