Large holders moved substantial amounts out of major exchanges into private wallets. For example, one wallet withdrew 327,465 Chainlink (LINK) (worth $7.17 million) from Binance, largely for profit-taking and asset consolidation.
On the Ethereum network, whales transferred 9,006 ETH (around $40.2 million) from Kraken, signaling accumulation rather than distribution.
Additional whale activity included leveraged positions and blue-chip crypto purchases, with one entity spending over $18 million USDC on ETH and WBTC.
Inflows into exchanges like Binance surged, indicating increased readiness to sell, collateralize, or rebalance positions. This build-up of supply on exchanges often foreshadows higher volatility or downward price pressure.
Ethereum Movements:
While Ethereum ETFs saw large outflows, on-chain institutional accumulation continued, highlighting differing strategies between spot and derivative markets.
The sharp reversal from strong inflows to net outflows points to a market responding rapidly to short-term risk factors, especially price corrections and economic news.
Despite the recent pullback, Ethereum ETFs’ assets have topped $10 billion, reflecting continued institutional conviction in platform upgrades and longer-term value, even as Bitcoin’s profile remained more static.
Liquidity and Volatility: Increased exchange inflows, especially for Bitcoin, mean potential supply build-up and elevated volatility if sell orders rise and are not met by demand.