A whale-sized move just lit up the blockchain.

One fresh wallet address pulled out a staggering $82.8M worth of ETH from Galaxy Digital's reserves. The transaction pattern? It mirrors the signature moves previously linked to certain institutional purchases.

Here's the kicker: this looks like a classic dollar-cost averaging play during the current dip. The timing screams strategic accumulation rather than panic selling. When major players start stacking ETH at these levels, it often signals conviction in the asset's longer-term trajectory.

The wallet's history and withdrawal mechanics align perfectly with known patterns from sophisticated buyers who've been quietly building positions. Not your typical retail behavior—this screams institutional firepower.

Whether this marks a local bottom or just another leg in the accumulation phase remains to be seen. But $82.8M doesn't move without serious conviction behind it.