🐋 Whale Alert: 5,599 ETH Withdrawn from Galaxy Digital
A newly created wallet just withdrew 5,599 ETH (≈ $20.08M) from Galaxy Digital, bringing its 2-day accumulation total to 11,000 ETH. 🔥
🔁 This pattern feels very familiar. Just this week:
• Whales scooped up 391,000 ETH via FalconX and Kraken
• SharpLink Gaming increased its holdings to 358,000 ETH
📈 These are likely institutional players positioning for spot ETH ETFs and staking returns — a strong bullish signal, but it’s also inflating the price bubble.
⚠️ ETH has broken above $3,600, but beware:
• A support retest is likely
• The long liquidation zone sits between $3,200–$3,100
📜 The GENIUS Act adds a favorable regulatory backdrop, and momentum could carry ETH higher…
💡 Recommendation: Go in with light positions and watch for volatility — don’t overextend in this zone. 🧠🧘