Every Zipp story tagged #Matrixport, newest first.
Exchange deposits from institutional wallets are typically read as a precursor to selling, and a $81M top-up from a Matrixport-linked address has short-term supply implications for $BTC.
The opposing flows suggest a deliberate rebalancing rather than a simple liquidation: selling pressure on BTC, potential accumulation on ETH, both at institutional scale.
A 120,000 ETH and 500 BTC position tied to Matrixport is now deep underwater, a reminder that even well-capitalized desks are not immune to a broad market drawdown.
Four wallets now hold 114,160 ETH in leveraged longs, with a 3.6% drawdown on a position that previously banked $59M — a balance-sheet read on conviction versus capitulation.
Crypto financial services firm Matrixport has withdrawn 5,000 ETH — valued at approximately $11.67 million — from…
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