๐ Whale Alert: 5,599 ETH Withdrawn from Galaxy Digital
A newly created wallet just withdrew 5,599 ETH (โ $20.08M) from Galaxy Digital, bringing its 2-day accumulation total to 11,000 ETH. ๐ฅ
๐ This pattern feels very familiar. Just this week:
โข Whales scooped up 391,000 ETH via FalconX and Kraken
โข SharpLink Gaming increased its holdings to 358,000 ETH
๐ These are likely institutional players positioning for spot ETH ETFs and staking returns โ a strong bullish signal, but itโs also inflating the price bubble.
โ ๏ธ ETH has broken above $3,600, but beware:
โข A support retest is likely
โข The long liquidation zone sits between $3,200โ$3,100
๐ The GENIUS Act adds a favorable regulatory backdrop, and momentum could carry ETH higherโฆ
๐ก Recommendation: Go in with light positions and watch for volatility โ donโt overextend in this zone. ๐ง ๐ง