Trend Research Moves Over $640M in Ethereum to Binance as Selling Pressure Builds
The post Trend Research Moves Over $640M in Ethereum to Binance as Selling Pressure Builds appeared on BitcoinEthereumNews.com.
Ethereum’s recent ride could be met with some fresh selling pressure. On-chain data shows that Trend Research made major moves by transferring huge amounts to Binance. The analytics company transferred an additional 77,491 ETH (equivalent to approximately 354.5 million dollars) to Binance in the last 10 hours, indicating that it is likely to sell. Trend Research deposited another 77,491 $ETH($354.5M) into #Binance for sale in the past 10 hours. Over the past 4 days, they have deposited 143,124 $ETH($642M) into #Binance.https://t.co/Oh2Nr7xOtG pic.twitter.com/yITKkuzykv — Lookonchain (@lookonchain) October 5, 2025 The most recent transfer aligns with a broader trend that has been evident throughout the week. Trend Research alone was able to add 143,124 ETH, worth approximately 642 million dollars, to the exchange in the last four days. Massive deposits often come before the selling, and traders tend to watch volatility in the short term carefully. Ethereum Price Holds Above $4,500 Amid Market Caution Ethereum is currently being traded at $4530; this is quite bullish with the dramatic inflows in the last couple of days. The market is showing support at the $4,200 area, and the next important resistance is at $4,670, an area that will either find Ethereum price resuming its upward trend or one that will offer it a brief downward revival. Traders indicate that, despite the asset’s strength above $4,500 suggesting high market demand, major selling pressure may occur because of whale accounts like Trend Research. Historically, these deposits have typically led to mild corrections prior to the onset of recovery periods. Repeated Transactions Highlight Active Whale Positioning This is not the first time that the wallet activity at Trend Research has attracted attention. This contrasts with the fact that two weeks ago, the company sent 16,800 ETH (approximately 72.88 million dollars) to Binance when the coin was priced…
Filed under: News - @ October 6, 2025 3:03 am