Galaxy Transfers Over 100 Million ETH to Coinbase, Is It Preparing to Dump or Is There Another Plot?
According to on-chain data monitoring, Galaxy Digital deposited 39,834 ETH to Coinbase Institutional in the past 8 hours, amounting to approximately 103.6 million USD at current prices.
Such a large transfer could either be a potential arbitrage move or an adjustment of positions, waiting for a larger layout opportunity.
Currently, ETH is in a critical trend battle zone, and transfers of this magnitude are very noteworthy.
What do you think, is Galaxy retreating, or is it playing the long game to catch big fish?
