Matrixport Exchanges $452 Million in ETH for $272 Million in BTC

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 24 2025

Should l Buy DOGE?

Matrixport's ETH Deposits: Matrixport or its clients deposited 95,873 ETH, valued at approximately $452 million, into Binance and OKX, indicating a potential strategy to sell or swap assets.
BTC Withdrawals: Following the ETH deposits, Matrixport-linked wallets withdrew 2,354.6 BTC (about $272 million) from the same exchanges, suggesting a possible ETH-to-BTC conversion.
Market Implications: The large-scale swaps may reflect shifts in market sentiment, with a move from ETH to BTC potentially indicating reduced confidence in Ethereum and increased belief in Bitcoin's stability.
Investor Attention: Analysts are closely monitoring these transactions as they often precede significant price movements in the cryptocurrency market, especially among institutional investors.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like DOGE with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for DOGE

Technical Sentiment Analysis for Dogecoin (DOGE) As of , Dogecoin (DOGE) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DOGE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, DOGE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Dogecoin (DOGE) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0523	0.0661	0.0828	0.0967	0.113	0.127	0.144
Fibonacci	0.0661	0.0778	0.085	0.0967	0.108	0.116	0.127

About DOGE

Dogecoin (DOGE) is based on the popular 'doge' Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

GET FREE REAL TIME NOTIFICATIONS

Stock Monitor for DOGE?

Get Started Free

FREE STOCK RECOMMENDATIONS DAILY

Stock Bullish Tomorrow

Get Started Free

70% BACKTESTED ACCURACY!

Should I Buy DOGE?

Get Started Free