#ETHMarketWatch Significant Ethereum Outflow from CEX Signals Bullish Sentiment
On May 27, four new wallets withdrew 4,392.6 ETH (~$11.7M) from a centralized exchange within three hours, according to Lookonchain via TechFlow.
What it might mean: Such large-scale withdrawals often indicate long-term holding intent or preparation for staking or DeFi use, rather than selling. This trend can suggest growing investor confidence and a potential bullish outlook for Ethereum's price.