Main notes
- Galaxy Digital movements alluded to a possible sale.
- This can drive ETH to less than a sign of $ 1,600.
- The ETH -based investment funds are also struggling, which enhances the homosexuality.
Galaxy Digital, Crypto Investment Provider, deposits Ethereum
Eth
1 600 dollars
24 hours fluctuation:
1.6 %
The maximum market:
193.20 dollars b
Folder. 24h:
12.96 dollars b
At the highest exchange of cryptocurrency, Binance and Coinbase.
According to X Post by Lookonchain, Galaxy Digital sent a total of 49,681 ETH, at a value of approximately $ 80 million, to Binance and Coinbase between 12 and 17 April. The deposits are received from the company’s portfolio (OTC), which still holds $ 11.8 million in different Crypto assets.
Galaxy Digital 49,681 $ ETH(79.37 million dollars) in # and #Coinbase In the past five days.https://t.co/wm3zrhpax pic.twitter.com/s12bgwssch
– Lookonchain (@swearonchain) April 17, 2025
Strong exchange deposits can negatively affect market morale because some investors are likely to join sales.
Despite the recent exchange deposits, Galaxy Digital still holds $ 538.6 million in cryptocurrencies. Its largest holders are $ 329 million in Bitcoin
BTC
84 dollars 605
24 hours fluctuation:
1.1 %
The maximum market:
$ 1.68
Folder. 24h:
$ 24.58 b
89.5 million dollars in Ethereum, 36.2 million dollars in US and $ 29.7 million in Usdc.
The Galaxy Digital movement can hint to other exchange deposits and possible sale.
According to Galaxy Ventures, Galaxy Digital collected $ 150 million to support startups in the early stage and plan to add another $ 25 million to $ 30 million to the fund, according to Bloomberg.
On April 10, Galaxy Digital signed a 200 -megawatt deal with the Coreweave Intelligence Intelligence Infrastructure, which hints to convert the Texas encryption mining site to host the Acting Graphics Processing Units.
Will Ethereum (eth) decrease again?
ETHEREUM (ETH) price movements depend on the broader encryption market movements.
However, it is important to note that the pioneer altcoin has been struggling to break his psychological barrier of $ 2000 over the past three weeks.
On April 11, when ETH was traded about $ 1550, Santiment hinted on ETHEREM’s bulls.
After three days, Ethereum recorded a high amount of whale movements, which paid the price from $ 1550 to about $ 1700. On April 15, the whales began to cancel the loading of ETH, re -price to less than the level of $ 1,600.
If the current movements by Galaxy Digital Trigger are the sale of a whale, it is possible that ETHEREUM will decrease to less than the $ 1550 support area.
Also, the funds circulated in ETH Spot ETH in the United States have been recorded in fixed outfits since April 7. According to Data from Farsed InvestorsThese investment products saw a net of $ 12.1 million on April 16.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Wahid has analyzed and informed the latest trends in the decentralized ecosystem since 2019. He has more than 4000 articles in his name, and his work has been presented to some leading ports including Yahoo Finance, Investing.com, Cointelgraph and Benzinga. Unlike reporting, Wahid loves to connect points between Defi and Macro in his news message, Monk on the series.
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