Suspected Metalpha address deposits $14.3M in ETH to Binance

On-chain analyst The Data Nerd reported that an address presumed to belong to Hong Kong-based digital asset manager Metalpha deposited 3,300 ETH, worth $6.66 million, to Binance today. Over the past 24 hours, the address has deposited a total of 6,994 ETH ($14.3 million) to the exchange. Deposits to exchanges are typically interpreted as an intention to sell.