💎 Large investors are actively withdrawing $ETH from exchanges
A wallet associated with Metalpha has moved 29,000 ETH ($48.7 million) from Binance since April 1, while other addresses have moved 46,500 ETH from Gate.io and 10,000 ETH from Bybit.
🪙 The probable reason was the announcement of the Pectra update, scheduled for May 2025.
It will increase the burn rate of Ethereum by expanding the “blob space,” which could bring back ETH’s deflationary trend.
