🔥 Ethereum Whale Moves $41.75M to Exchanges — Key Market Signal
A huge Ethereum whale just moved 13,000 ETH (~$41.75 million) from a Galaxy Digital OTC wallet and deposited 6,500 ETH to major exchanges including Binance, Bybit, and OKX, based on on-chain analytics from Lookonchain.
Large transfers like this often indicate potential selling pressure, as big holders push assets where they can be liquidated — something traders watch closely for short-term price impact and volatility signals.
This move adds to market chatter about institutional activity and sentiment shifts, especially with Galaxy Digital’s involvement suggesting strategic rebalancing or liquidity positioning, not just random wallet movement.
Key takeaway: Big ETH inflows into exchanges can foreshadow near-term volatility, so traders should watch price reaction and volume around key support levels.
