{"id":571912,"date":"2024-01-27T02:00:10","date_gmt":"2024-01-27T02:00:10","guid":{"rendered":"https:\/\/uniquehot.com\/?p=571912"},"modified":"2024-01-26T18:16:16","modified_gmt":"2024-01-26T18:16:16","slug":"ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/","title":{"rendered":"Ethereum Faces Market Tremors As Celsius Offloads $1 Billion in ETH"},"content":{"rendered":"

Ethereum (ETH) is about witnessing a potential sell-off worth $1 billion. This significant transaction is rooted in actions by Celsius, a bankrupt crypto lender. Reports<\/a> from on-chain analyst Lookonchain indicate that Celsius initiated the transfer of 459,561 ETH, estimated to be worth around $1.014 billion, to various exchanges.<\/p>\n

The breakdown of this large-scale distribution includes 297,454 ETH ($656.5 million) moved to Coinbase Prime, 146,507 ETH to Paxos Treasury, and smaller sums totaling 7,800 ETH ($17.2 million) sent to FalconX and Coinbase, respectively. Despite this transfer, Lookonchain disclosed that Celsius still maintains a reserve of 62,468 ETH, valued at roughly $139 million.<\/p>\n

\n

Celsius transferred 459,561 $ETH<\/a>($1.014B) out 9 hrs ago.<\/p>\n

297,454 $ETH<\/a>($656.5M) \u2192 #CoinbasePrime<\/a>
\n146,507 $ETH<\/a> ($323.3M) \u2192 #PaxosTreasury<\/a>
\n7,800 $ETH<\/a>($17.2M) \u2192 #FalconX<\/a>
\n7,800 $ETH<\/a>($17.2M) \u2192 #Coinbase<\/a>.<\/p>\n

And #Celsius<\/a> still has 62,468 $ETH<\/a>($139M) left.https:\/\/t.co\/O71a2LfeKg<\/a> pic.twitter.com\/adcxQA3POn<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) January 26, 2024<\/a><\/p><\/blockquote>\n

This significant transfer<\/a> carries significant weight in the Ethereum market. It poses a challenge as it exerts considerable pressure on Ethereum’s price, with potential implications for broader market sentiment. Ethereum could see a significant plunge if the $1.014 billion worth of ETH is sold simultaneously.<\/p>\n

Related Reading: Celsius Dump Triggers Ethereum Dive: $35 Million Sell-Off Sends ETH Price Crashing<\/a><\/div>\n

Celsius’ Previous Ethereum Transactions<\/h2>\n

Celsius’ latest Ethereum transactions aren’t isolated events. LookonChain has previously spotted significant transfers linked to Celsius<\/a>, including a deposit of 13,000 ETH ($30 million) on Coinbase and 2,200 ETH ($5 million) to FalconX.<\/p>\n

While these moves indicate Celsius’ proactive strategy in managing its financial challenges, they also signal potential volatility for Ethereum’s market value.<\/p>\n

Furthermore, Arkham Intelligence reports<\/a> that between January 8 and January 12, Celsius liquidated over $125 million<\/a> worth of Ethereum. The primary objective of these sales is to fulfill obligations to creditors.<\/p>\n

Dune Analytics also highlighted the pattern of large-scale Ethereum redemptions, noting redemptions exceeding $1.6 billion. Since last year’s Shanghai update, this figure represents the highest Ethereum redemptions recorded.<\/p>\n

As part of its bankruptcy proceedings, Celsius continues liquidating Ethereum holdings to pay off debts<\/a>.<\/p>\n

Ethereum’s Market Reaction<\/h2>\n

In the aftermath of Celsius’s Ethereum transactions, the asset has seen a nearly 10% decline in value over the past week, dropping from a high above $2,600 to around $2,186 yesterday. However, Ethereum has slightly recovered, rising by 2.2% in the past 24 hours, with a trading price of $2,258 at the time of writing.<\/p>\n

\"Ethereum
ETH price is moving sideways on the 4-hour chart. Source: ETH\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Amid these market developments, Michael van de Poppe, a renowned crypto analyst, has identified three key factors<\/a> that could signal a bullish phase for ETH. A significant element is Bitcoin’s market behavior, often setting the tone for altcoins.<\/p>\n

Van de Poppe notes that Bitcoin’s indications of bottoming out usually precede rallies in altcoins, suggesting a potential upturn for Ethereum. He also emphasizes the increasing excitement around spot Ethereum ETFs, which could catalyze Ethereum’s market value in the coming weeks.<\/p>\n

Related Reading: Ethereum\u2019s Path To Recovery: Analyst Highlights 3 Key Factors Pointing To A Price Boom<\/a><\/div>\n

Additionally, Ethereum’s impending network upgrades, which aim to reduce transaction costs significantly, are expected to enhance the network’s efficiency and scalability, potentially boosting its market appeal.<\/p>\n

\n

The momentum towards $ETH<\/a> is probably going to come in the next few weeks.<\/p>\n

Arguments:
\n– #Bitcoin<\/a> bottoming out is a trigger for altcoins to make a new run.
\n– Ethereum Spot ETF hype.
\n– Ethereum launching new upgrades to reduce 90% of the costs. pic.twitter.com\/N8bDi52F8M<\/a><\/p>\n

\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) January 25, 2024<\/a><\/p><\/blockquote>\n

Featured image Unsplash, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum (ETH) is about witnessing a potential sell-off worth $1 billion. This significant transaction is rooted in actions by Celsius, a bankrupt crypto lender. Reports from on-chain analyst Lookonchain indicate that Celsius initiated the transfer of 459,561 ETH, estimated to be worth around $1.014 billion, to various exchanges. The breakdown of this large-scale distribution includes 297,454 ETH ($656.5 million) moved to Coinbase Prime, 146,507 ETH to Paxos Treasury, and smaller sums totaling 7,800 ETH ($17.2 million) sent to FalconX and Coinbase, respectively. Despite this transfer, Lookonchain disclosed that Celsius still maintains a reserve of 62,468 ETH, valued at roughly $139 million. Celsius transferred 459,561 $ETH($1.014B) out 9 hrs ago. 297,454 $ETH($656.5M) \u2192 #CoinbasePrime 146,507 $ETH ($323.3M) \u2192 #PaxosTreasury 7,800 $ETH($17.2M) \u2192 #FalconX 7,800 $ETH($17.2M) \u2192 #Coinbase. And #Celsius still has 62,468 $ETH($139M) left.https:\/\/t.co\/O71a2LfeKg pic.twitter.com\/adcxQA3POn \u2014 Lookonchain (@lookonchain) January 26, 2024 This significant transfer carries significant weight in the Ethereum market. It poses a challenge as it exerts considerable pressure on Ethereum’s price, with potential implications for broader market sentiment. Ethereum could see a significant plunge if the $1.014 billion worth of ETH is sold simultaneously. Related Reading: Celsius Dump Triggers Ethereum Dive: $35 Million Sell-Off Sends ETH Price Crashing Celsius’ Previous Ethereum Transactions Celsius’ latest Ethereum transactions aren’t isolated events. LookonChain has previously spotted significant transfers linked to Celsius, including a deposit of 13,000 ETH ($30 million) on Coinbase and 2,200 ETH ($5 million) to FalconX. While these moves indicate Celsius’ proactive strategy in managing its financial challenges, they also signal potential volatility for Ethereum’s market value. Furthermore, Arkham Intelligence reports that between January 8 and January 12, Celsius liquidated over $125 million worth of Ethereum. The primary objective of these sales is to fulfill obligations to creditors. Dune Analytics also highlighted the pattern of large-scale Ethereum redemptions, noting redemptions exceeding $1.6 billion. Since last year’s Shanghai update, this figure represents the highest Ethereum redemptions recorded. As part of its bankruptcy proceedings, Celsius continues liquidating Ethereum holdings to pay off debts. Ethereum’s Market Reaction In the aftermath of Celsius’s Ethereum transactions, the asset has seen a nearly 10% decline in value over the past week, dropping from a high above $2,600 to around $2,186 yesterday. However, Ethereum has slightly recovered, rising by 2.2% in the past 24 hours, with a trading price of $2,258 at the time of writing. Amid these market developments, Michael van de Poppe, a renowned crypto analyst, has identified three key factors that could signal a bullish phase for ETH. A significant element is Bitcoin’s market behavior, often setting the tone for altcoins. Van de Poppe notes that Bitcoin’s indications of bottoming out usually precede rallies in altcoins, suggesting a potential upturn for Ethereum. He also emphasizes the increasing excitement around spot Ethereum ETFs, which could catalyze Ethereum’s market value in the coming weeks. Related Reading: Ethereum\u2019s Path To Recovery: Analyst Highlights 3 Key Factors Pointing To A Price Boom Additionally, Ethereum’s impending network upgrades, which aim to reduce transaction costs significantly, are expected to enhance the network’s efficiency and scalability, potentially boosting its market appeal. The momentum towards $ETH is probably going to come in the next few weeks. Arguments: – #Bitcoin bottoming out is a trigger for altcoins to make a new run. – Ethereum Spot ETF hype. – Ethereum launching new upgrades to reduce 90% of the costs. pic.twitter.com\/N8bDi52F8M \u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) January 25, 2024 Featured image Unsplash, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":565452,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[134,83722,6664,8323,1946,84307,78803],"class_list":["post-571912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-altcoin","tag-celsius","tag-crypto","tag-eth","tag-ethereum","tag-ethereum-prediction","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Faces Market Tremors As Celsius Offloads $1 Billion in ETH<\/title>\n<meta name=\"description\" content=\"Ethereum (ETH is currently witnessing a potential sell-off worthing $1 billion. This significant transaction is rooted in actions taken by...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Faces Market Tremors As Celsius Offloads $1 Billion in ETH\" \/>\n<meta property=\"og:description\" content=\"Ethereum (ETH is currently witnessing a potential sell-off worthing $1 billion. This significant transaction is rooted in actions taken by...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-27T02:00:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-26T18:16:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Ethereum-Bullish-Outlook.jpg?fit=900%2C600\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samuel Edyme\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@0xEdyme\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel Edyme\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/\"},\"author\":{\"name\":\"Samuel Edyme\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\"},\"headline\":\"Ethereum Faces Market Tremors As Celsius Offloads $1 Billion in ETH\",\"datePublished\":\"2024-01-27T02:00:10+00:00\",\"dateModified\":\"2024-01-26T18:16:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/\"},\"wordCount\":591,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Ethereum-Bullish-Outlook.jpg?fit=900%2C600\",\"keywords\":[\"altcoin\",\"celsius\",\"crypto\",\"ETH\",\"ethereum\",\"Ethereum prediction\",\"ETHUSDT\"],\"articleSection\":[\"Ethereum\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/\",\"url\":\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/\",\"name\":\"Ethereum Faces Market Tremors As Celsius Offloads $1 Billion in ETH\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Ethereum-Bullish-Outlook.jpg?fit=900%2C600\",\"datePublished\":\"2024-01-27T02:00:10+00:00\",\"dateModified\":\"2024-01-26T18:16:16+00:00\",\"description\":\"Ethereum (ETH is currently witnessing a potential sell-off worthing $1 billion. This significant transaction is rooted in actions taken by...\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Ethereum-Bullish-Outlook.jpg?fit=900%2C600\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Ethereum-Bullish-Outlook.jpg?fit=900%2C600\",\"width\":900,\"height\":600,\"caption\":\"Ethereum (ETH)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ethereum Faces Market Tremors As Celsius Offloads $1 Billion in ETH\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\",\"name\":\"Samuel Edyme\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"caption\":\"Samuel Edyme\"},\"description\":\"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\u2019s 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\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll 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\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d 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\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s 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\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Ethereum Faces Market Tremors As Celsius Offloads $1 Billion in ETH","description":"Ethereum (ETH is currently witnessing a potential sell-off worthing $1 billion. This significant transaction is rooted in actions taken by...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/","og_locale":"en_US","og_type":"article","og_title":"Ethereum Faces Market Tremors As Celsius Offloads $1 Billion in ETH","og_description":"Ethereum (ETH is currently witnessing a potential sell-off worthing $1 billion. This significant transaction is rooted in actions taken by...","og_url":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-01-27T02:00:10+00:00","article_modified_time":"2024-01-26T18:16:16+00:00","og_image":[{"width":900,"height":600,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Ethereum-Bullish-Outlook.jpg?fit=900%2C600","type":"image\/jpeg"}],"author":"Samuel Edyme","twitter_card":"summary_large_image","twitter_creator":"@0xEdyme","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Samuel Edyme","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/"},"author":{"name":"Samuel Edyme","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500"},"headline":"Ethereum Faces Market Tremors As Celsius Offloads $1 Billion in ETH","datePublished":"2024-01-27T02:00:10+00:00","dateModified":"2024-01-26T18:16:16+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/"},"wordCount":591,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Ethereum-Bullish-Outlook.jpg?fit=900%2C600","keywords":["altcoin","celsius","crypto","ETH","ethereum","Ethereum prediction","ETHUSDT"],"articleSection":["Ethereum"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/","url":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/","name":"Ethereum Faces Market Tremors As Celsius Offloads $1 Billion in ETH","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Ethereum-Bullish-Outlook.jpg?fit=900%2C600","datePublished":"2024-01-27T02:00:10+00:00","dateModified":"2024-01-26T18:16:16+00:00","description":"Ethereum (ETH is currently witnessing a potential sell-off worthing $1 billion. This significant transaction is rooted in actions taken by...","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Ethereum-Bullish-Outlook.jpg?fit=900%2C600","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Ethereum-Bullish-Outlook.jpg?fit=900%2C600","width":900,"height":600,"caption":"Ethereum (ETH)"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Ethereum Faces Market Tremors As Celsius Offloads $1 Billion in ETH"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500","name":"Samuel Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"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\u2019s 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\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll 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\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d 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\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s 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\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Faces Market Tremors As Celsius Offloads $1 Billion in ETH","url":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Ethereum-Bullish-Outlook.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Ethereum-Bullish-Outlook.jpg?fit=900%2C600"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","celsius","crypto","eth","ethereum","ethereum prediction","ethusdt"],"dateCreated":"2024-01-27T02:00:10Z","datePublished":"2024-01-27T02:00:10Z","dateModified":"2024-01-27T02:00:10Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Faces Market Tremors As Celsius Offloads $1 Billion in ETH\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Ethereum-Bullish-Outlook.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Ethereum-Bullish-Outlook.jpg?fit=900%2C600\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"celsius\",\"crypto\",\"eth\",\"ethereum\",\"ethereum prediction\",\"ethusdt\"],\"dateCreated\":\"2024-01-27T02:00:10Z\",\"datePublished\":\"2024-01-27T02:00:10Z\",\"dateModified\":\"2024-01-27T02:00:10Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Ethereum-Bullish-Outlook.jpg?fit=900%2C600","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/571912"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=571912"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/571912\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/565452"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=571912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=571912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=571912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}