GSR Markets Moves $5.6M in LINK Tokens — A Potential Sign of Selling Pressure or Strategic Positioning?
The world of cryptocurrency is ever-dynamic. When large amounts of cryptocurrency are moved, the market often shifts as a result. GSR Markets, a leading trading firm, got people talking recently when it deposited 400,000 LINK tokens onto Binance. The tokens had been withdrawn from OKX and Binance back in February 2024. GSR seems to have the Midas touch; it acquired those LINK tokens at an average price of $19.33. Now, with the tokens moved onto Binance, some market watchers seem to think it might be an omen. GSR could be selling, or maybe it has some other reason for this move. https://twitter.com/EyeOnChain/status/1907073624718086444?t=8uHsE4mmBhPeYJ_qhvPilg&s=19 Considering that the present price of $LINK is much lower than where GSR entered, selling now would not only be a loss on paper but a realized loss of $2.13 million. This is quite different from how GSR […]
