Selling Pressure Looms as Celsius Moves $1B+ ETH to Exchanges
The price of Ethereum (ETH) may face substantial selling pressure as reports circulate that bankrupt crypto lender Celsius continuously transfers billion-dollar values of ETH to centralized exchanges for potential liquidation. On-chain analytics provider Lookonchain and many online pundits have called attention to Celsius’ ETH transactions. Using data from Etherscan, Lookonchain found that Celsius has moved...