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Submission: On November 23 via api (November 23rd 2024, 11:48:47 pm UTC) from BE — Scanned from US

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DERIBIT MOVES $783M IN ETHEREUM TO COLD STORAGE: A BULLISH SIGNAL FOR ETH?

Samuel Edyme
5 hours ago
3 mins read

Este artículo también está disponible en español.

While Ethereum seems to have begun its own major rally, the asset has recently
experienced significant activity on the Deribit Options Exchange which begs the
question of what it means for ETH’s price.

A CryptoQuant analyst known as Amr Taha detailed these developments in a post on
the CryptoQuant QuickTake platform. The analysis focused on substantial outflows
from the exchange to cold wallets, highlighting potential implications for
market sentiment and liquidity.

RELATED READING

ETHEREUM ATTEMPTS KEY BREAKOUT: ANALYSTS SET NEXT TARGET AS ETH RECLAIMS $3,200

1 day ago

According to the analyst, “altcoins will follow” as Ethereum continues to
increase.

> #Ethereum $10k+ step by step!$ETH repeats the bullish megaphone pattern it
> drew while heading towards the 2016-2017 mega bull period, before the
> 2024-2025 mega bull period.#Alts will follow! pic.twitter.com/VRVI8lwnsS
>
> — EᴛʜᴇʀNᴀꜱʏᴏɴᴀL 💹🧲📈 (@EtherNasyonaL) November 22, 2024

Featured image created with DALL-E, Chart from TradingView

Tweet123Share196ShareSend

SAMUEL EDYME

Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and
aspiring trader, Edyme is as versatile as they come. With a knack for words and
a nose for trends, he has penned pieces for numerous industry player, including
AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.

Edyme’s foray into the crypto universe is nothing short of cinematic. His
journey began not with a triumphant investment, but with a scam. Yes, a Ponzi
scheme that used crypto as payment roped him in. Rather than retreating, he
emerged wiser and more determined, channeling his experience into over three
years of insightful market analysis.

Before becoming the voice of reason in the crypto space, Edyme was the
quintessential crypto degen. He aped into anything that promised a quick buck,
anything ape-able, learning the ropes the hard way. These hands-on experience
through major market events—like the Terra Luna crash, the wave of bankruptcies
in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his
keen sense of market dynamics.

When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting
charts, studying both forex and synthetic indices. His dedication to mastering
the art of trading is as relentless as his pursuit of the next big story. Away
from his screens, he can be found in the gym, airpods in, working out and
listening to his favorite artist, NF. Or maybe he’s catching some Z’s or
scrolling through Elon Musk’s very own X platform—(oops, another screen
activity, my bad…)

Well, being an introvert, Edyme thrives in the digital realm, preferring online
interaction over offline encounters—(don’t judge, that’s just how he is built).
His determination is quite unwavering to be honest, and he embodies the
philosophy of continuous improvement, or “kaizen,” striving to be 1% better
every day. His mantras, “God knows best” and “Everything is still on track,”
reflect his resilient outlook and how he lives his life.

In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps
a touch fierce. He’s neither artistic nor unrealistic, and certainly not
chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme
is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for
a pay cut just to prove a point—(uhhh…). He is like watching your kid take his
first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a
stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to
you is not to him. He is not the one to take the easy road, and why would he?
That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds”
that resonate deeply with him: “What you think's probably unfeasible, I've done
already a hundredfold.”

PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He
even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate
the opp.

Disclaimer: The information found on NewsBTC is for educational purposes only.
It does not represent the opinions of NewsBTC on whether to buy, sell or hold
any investments and naturally investing carries risks. You are advised to
conduct your own research before making any investment decisions. Use
information provided on this website entirely at your own risk.

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