Ethereum Whales Are Moving โ $155M Leaving Exchanges
On-chain activity around Ethereum is drawing attention. In the past 48 hours, two large wallets withdrew $155M+ in
$ETH from exchanges.
Key movements:
โข A new wallet withdrew 11,600+ ETH from Binance
โข Another whale moved 63,000+ ETH from Kraken
Large withdrawals like these typically point to cold storage or long-term positioning, reducing liquid supply available on exchanges.
Institutional signals:
โข Spot ETH ETFs recorded ~$38M in inflows
โข Flows led by BlackRock and Fidelity Investments
Meanwhile, BitMine Immersion Technologies continues accumulating ETH and now holds ~4.5M ETH (~3.76% of supply), targeting 5% ownership.
Verdict: When whales and institutions accumulate while sentiment is weak, it often signals positioning before broader market momentum returns.
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