1 Million Ethereum Pulled from Exchanges Amid ETH Whale Buying Frenzy
Ethereum exchange reserves drop by 1 million ETH in past month. May 12 saw largest single-day whale accumulation in history. Golden cross technical pattern signals potential move toward $3,000. Ethereum’s price has recovered over 50% in May, with on-chain data revealing fundamental shifts in investor behavior following the Pectra upgrade. Exchange withdrawals, diminishing reserves, and record whale accumulation have all reached key milestones, prompting analysts to project higher price levels in the coming weeks.
Cryptorank data shows that Ethereum available on CEXs has dropped from over 18 million to around 17 million in a single month. This reduction of more than 1 million ETH represents a 5.5% decrease in total exchange-held supply.
Source: Cryptorank “Over the past month, more than 1 million ETH have been withdrawn from centralized exchanges, which accounts for approximately 5.5% of the total ETH held on these platforms. This trend suggests that users are increasingly choosing to accumulate Ethereum rather than trade it,” Cryptorank reported.
Binance leads Ethereum exchange outflows CryptoQuant data shows Binance alone saw withdrawals exceeding 300,000 ETH in the past month. Since January, users have removed more than 800,000 ETH from the platform.
This withdrawal activity occurred both during ETH’s price decline below $1,400 in early April and accelerated as prices rebounded above $2,400 in May. The inverse correlation between falling exchange reserves and rising prices reinforces the supply-demand dynamic currently favoring bulls.
Source: CryptoQuant According to CryptoQuant, on May 12, whale wallets absorbed approximately 325,000 ETH in a single day, the most one-day accumulation ever recorded, marking the largest intake ever recorded by massive accumulation addresses.
When whales accumulate at this scale, they typically withdraw ETH from exchanges to secure storage in cold wallets. This process reduces circulating supply and often creates upward price pressure as market liquidity tightens.
These large holders appear to be positioning for longer-term price appreciation rather than preparing for immediate sales, suggesting confidence in Ethereum’s fundamentals following the Pectra upgrade.
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🍕 Bitcoin pizza; Refers to the first transaction made using Bitcoin. In this transaction, a man exchanged 10,000 Bitcoins for two pizzas. The transaction took place on May 22, 2010, and this day is now celebrated every year as Bitcoin Pizza Day.
10,000 BTC = 2 Large Pizzas 🍕
Although it is hard to believe today, this transaction was carried out by Laszlo Hanyecz 15 years ago 😊. What can we say, it must have seemed reasonable at that time. I watched an interview with him, and he said, "Many people laugh at this, but at that time, Bitcoin had no value."
When I think about what can be bought with 1 Bitcoin now, I believe that this exchange made 15 years ago was quite unfortunate. What do you think about this?
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In this Crypto market with nearly 10 years of experience, Crypto God shares with you the time periods when Bitcoin tends to fluctuate strongly.
👉🏻 3 AM (VN time) ~ 4 PM New York time (EST) : ==> This is the end of the US session, also the time when many large organizations close their daily orders.
👉🏻 7 AM on Monday :
==> This is the opening time of the global financial market, and the market reacts to weekend news, thus there will be strong fluctuations.
👉🏻 7 AM on the first day of the month :
The beginning of the month is the time when investment funds and financial organizations: • Inject new capital, periodic disbursements • Rebalance portfolios based on last month's performance • React to new macro data (inflation, interest rates, PMI…)
-----> The Asian market opens – coinciding with the time of fluctuations: • The Asian session begins trading • Volume increases significantly after the weekend/start of the month
----> Expectation psychology & FOMO/fear effects: + If the previous month was strongly up, the new month may see adjustments to take profits, and vice versa.
👉🏻 7 AM on the first day of the New Year :
+ The first day of the new year is the time when large investment funds and financial organizations begin their new capital allocation cycle.
+ They decide to hold, buy more, or sell some assets to align with their new year's strategy.
===> This is a time with new capital flow, new strategies, and new psychology from both organizations and individuals, combined with the restart of major markets like CME and Asia.
All these factors make the market prone to strong and sudden fluctuations, whether up or down. (Crypto God)
. Bitcoin records a new all-time high in realized value: Are we on the brink of a new ascent?
Introduction
The realized value of Bitcoin has reached a new all-time high of $906 billion, indicating increased investor confidence and the possibility of a new rise in the market.
What is realized value?
Realized value is calculated based on the price at which Bitcoin was purchased, providing a more accurate view of the actual value held by investors.
Market Indicators
This record indicates that investors are holding Bitcoin for longer periods, reflecting increased confidence in the digital asset and reducing selling pressures.
Analyst Forecasts
Some analysts expect this trend to lead to a new rise in Bitcoin's price, especially if positive market indicators continue.
Conclusion
With the realized value of Bitcoin reaching an all-time high, investors are cautiously awaiting whether this will translate into new price increases.
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