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Whale transfers out 13,000 ETH at once, with 6,500 already flowing into mainstream exchanges.
【Chain News】On-chain data service providers have detected a large holder making a significant exit. This operation involves 13,000 ETH, with a total value of up to $41.75 million.
According to monitoring, Galaxy Digital’s OTC dedicated wallet has just completed a large transfer—13,000 ETH moved out of the wallet. Subsequently, nearly half of the assets (6,500 ETH) have been gradually transferred into deposit and withdrawal addresses of major exchanges such as Binance, Bybit, and OKX. Such operations typically indicate a clear intention to sell—funds flowing into exchanges suggest that a large sell order may be imminent.
The ETH worth $20.89 million has ample liquidity on the exchanges, and the selling pressure should not be underestimated. Market observers need to watch whether larger-scale sell-offs will occur next.
Wait, is Galaxy really about to launch or is it just activity funds?
6,500 ETH dumped, how many leeks are going to be cut in this wave...
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6500 ETH into the exchange, this pace probably can't be held back, everyone wait to be hammered down
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It's Galaxy Digital again... feels like this institution hasn't stopped lately, really want to know how much more they plan to dump
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Liquidity is sufficient, then just dump it all at once, retail investors will be left watching the drama
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Why do OTC wallets always love to sell... could it be they're short on cash?
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Over $20 million in sell pressure, can the buy side handle this, brothers?
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Haha, here we go again, every time a whale transfers coins, it's a prelude to a dump
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Transferring 13,000 ETH all at once, isn't this just sending a market signal?
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Exchange balances have increased again, familiar feeling... ready to get hit?