The Counterpoint of Whales
Whales Withdraw 76 Million in ETH from Binance What Does This Mean
While Binance is moving funds for staking, the whales are doing the opposite.
In January, 26,000 ETH (US$ 76 million) were withdrawn from the exchange in just 20 hours by four large staking wallets.
Why does this happen?
š¹ Self-custody
š¹ Own staking (validators)
š¹ Use of protocols like Lido
š¹ Reduction of counterparty risk
Interpretation: sophisticated investors want to CONTROL their assets, even giving up the convenience of the exchange.
#Baleias #Autocustodia #Ethereum #Staking #DeFi
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