Major Ethereum Holder Moves Big Funds Off Exchanges Amid Market Pressure
On-chain tracking data reveals that a large Ethereum holder has recently shifted a significant amount of $ETH away from centralized trading platforms. In total, roughly 21.85K ETH has been transferred out at an estimated average value near $3,231 per coin, placing the position deep underwater with paper losses exceeding $6.24 million.
The latest transfer took place about six hours ago, when 2,000 ETH was moved in a single transaction. These assets have been spread across five separate addresses, suggesting a structured portfolio strategy rather than random movement.
One notable address, ending in 57c69, is currently running a leveraged bullish setup. This wallet has locked 18,706.9 ETH as collateral to secure approximately $31.34M in USDT loans, while maintaining a relatively tight safety buffer with a health ratio of 1.41.
This activity hints at strong long-term conviction despite current market drawdowns.
