Matrixport Withdraws Significant ETH Amount Lookonchain, a blockchain analytics platform, recently reported a substantial withdrawal of 10,000 ETH (approximately $25.97 million) from Binance by Matrixport, a well-known cryptocurrency financial services firm. This transaction occurred roughly 20 minutes prior to the report. Accumulation Pattern Suggests Holding Strategy The same address associated with Matrixport has been actively withdrawing ETH from major exchanges. Over the past two days, a total of 50,734 ETH, valued at approximately $130 million, has been moved from both Binance and OKX. Such withdrawals are often interpreted within the crypto community as a signal of intent to hold the asset long-term, rather than for immediate trading purposes. This move by Matrixport could suggest a bullish outlook on Ethereum's future. ```

#ETH