🐋 Galaxy Digital just executed a massive OTC transaction, transferring 108,278 ETH worth about 283 million USD to wallet 0x0b26, drawing significant attention in the cryptocurrency community – especially amid a strong market struggle.
📉 In just the past 12 hours, the company withdrew 89,000 $ETH (worth 233.5 million USD) from exchanges, increasing the total amount of ETH in the receiving wallet to 139,476 ETH, equivalent to ~365 million USD.
🧊 ETH reserves on exchanges continue to decline – a clear accumulation trend?
Notably, ETH reserves on exchanges have decreased by an additional 0.34%, bringing the total balance down to around 18.7 million ETH – the lowest level in years, reinforcing the long-term downtrend.
📦 Withdrawing assets from exchanges often signifies long-term confidence and a solid holding strategy, especially when the market is in an accumulation or consolidation phase.
💼 This behavior is not only true for institutions like Galaxy Digital but is also reflected across the market – as many individual and institutional investors are moving ETH to cold wallets or personal custody services, reducing the available supply for sale and increasing supply scarcity pressure if demand rebounds.
📌 Strategic signal or just speculation?
OTC trading – that is, direct trading instead of through a public order book – is often used to avoid impacting market prices. This is a sign that Galaxy Digital is accumulating ETH with a long-term strategy, rather than speculating like retail investors.
⚠️ This article is for informational purposes only and should not be considered financial advice. The cryptocurrency market is highly volatile, and investors should carefully consider their decisions.