Just took a look at the on-chain capital flow!

Over $45.6 million has flowed out of Kraken within 8 days, amounting to #ETH ,

with the largest single withdrawal reaching 9.87 million. Whales are quietly adjusting their positions.

Actions of this scale are usually institutions or big players making arrangements.

Funds being withdrawn from exchanges may indicate that they choose to hold long-term or shift to on-chain operations, and market sentiment is undergoing subtle changes, which is worth continuous attention.