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#美联储回购协议计划 Ethereum has recently been continuously accumulated by institutional players. Bitmine, a company that acts frequently, has been steadily withdrawing Ethereum from the two major platforms, BitGo and Kraken, with a considerable amount—totaling 29,463 ETH.
Breaking it down, the situation becomes even more interesting. 18,454 ETH were transferred from BitGo to a new address "0xecA," valued at $55.61 million. Meanwhile, Kraken also transferred 11,009 ETH to another wallet "0x1b6," amounting to $33.14 million. In total, this amounts to nearly $90 million in spot holdings. $ETH
This ongoing accumulation pace indicates that institutions remain confident in Ethereum. Large withdrawals from top platforms to self-custody wallets reflect a long-term holding signal. The market is also digesting similar on-chain movements—whenever large funds operate this way, it usually signals expectations for the subsequent market trend.