Summary
- Ethereum (ETH) whale investors reportedly made large withdrawals from major exchanges.
- According to Arkham data, a total of 13,037 ETH and 44,612 ETH were withdrawn from Binance and Kraken in the past 24 hours.
- Such large withdrawals are interpreted as long-term holding intentions and are regarded as a positive signal for the market.
Ethereum (ETH) whale investors have recently withdrawn large amounts from major exchanges, indicating accumulation activity.
According to Lookonchain on the 10th (local time), based on Arkham data, whale address 0xc097 withdrew 13,037 ETH (approximately $35,500,000) from Binance in the past 24 hours.
In addition, another major investor, Abraxas Capital, withdrew a total of 44,612 ETH (about $123,000,000) from Binance and Kraken over the past 14 hours.
Such large withdrawals are typically interpreted as a sign of long-term holding intentions, which is viewed as a positive signal for the market.
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
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