- So, the Bitrue hacker is back at it again, buying ETH at bargain prices after selling at a whopping $3885 in March 2024. Talk about a comeback! 🎉
- Over 140K ETH just packed their bags and left exchanges, marking the biggest single-day outflow in over a month. Who knew ETH had such a flair for drama? 🎭
Ethereum [ETH] is strutting its stuff with more bullish signs than a rodeo clown! Capital flows are rising faster than a balloon at a birthday party. 🎈 And guess who’s back? Our favorite Bitrue hacker, looking like a savvy trader—or maybe just a lucky one! 🤷♂️
Bitrue Hacker and Exchange Outflows
On March 10, 2024, our hacker buddy exchanged 4,207 ETH at an average rate of $3,885, raking in 16.34M DAI. Now, he’s using that DAI stash to snag ETH at a steal for about $2769. Smart or just lucky? You decide! 🕵️♂️
Recent data from Lookonchain shows some big swaps: 669K DAI for 241 ETH, 895K DAI for 323 ETH, and the biggest showstopper—1.2M DAI swapped for 433 ETH. It’s like a magic trick, but with money! 🎩💸
And just to keep things spicy, the hacker routed the ETH through Tornado Cash to mask his exits. Because why not add a little mystery to the mix? 🌀
As of now, our hacker has splurged about 8.3M DAI to repurchase 2,999 ETH at an average price of $2,769. Timing is everything, folks! ⏰
In a plot twist, over 140,000 ETH worth nearly $393 million was withdrawn from centralized exchanges in a single day. It’s like a heist movie, but with less running and more spreadsheets! 📊
This massive withdrawal signals long-term accumulation, as capital continues to rotate to ETH. It’s like a game of musical chairs, but everyone wants to sit on ETH! 🎶
If demand spikes, the liquid ETH in the market will be as scarce as a unicorn at a dog park. 🦄 So, ETH might just rally in price! Hold onto your hats, folks!
This accumulation, along with the outflow from exchanges, could mean bullish confidence is on the rise. It’s like a pep rally for ETH! 📣
Will OI Cement ETH’s Bullish Signs?
Let’s not forget the Open Interest (OI) on ETH, which has set a new record! Traders are getting involved like it’s a hot new dance craze. 💃🕺
This jump in OI came with a capital transfer out of BTC, as folks are feeling adventurous with Ethereum again. It’s like a rollercoaster ride, but with less screaming! 🎢
With tremendous inflows into ETFs and high call option trading, ETH is getting all the attention, even if it’s struggling to break above the resistance at $2,800 – $2,880. Come on, ETH, you can do it! 💪
Although OI usually favors bullish continuation, the price is stuck like a traffic jam at rush hour. Some profit-taking has occurred, and OI dropped a bit. 🚦
The macro picture looks bullish, but technical conditions are facing headwinds, like a boat against the tide. Watch out for that bearish MACD crossover! ⚓
The most important level to keep an eye on is $2,880. If bulls clear this zone with rising OI, we might just confirm the bullish view. Otherwise, ETH could be in for a short-term snooze fest! 😴
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2025-06-13 01:48