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🎉 Gate 2025 Gala | Year-End Selection
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A significant Ethereum whale movement has caught market attention. Galaxy Digital's OTC wallet just pushed 13,000 ETH worth approximately $41.75 million out of storage. What's particularly interesting? Half of that—6,500 ETH ($20.89M)—already hit major exchange wallets across multiple platforms including Binance, Bybit, and OKX. This kind of institutional-scale transfer usually signals either position rebalancing or potential selling pressure. Traders monitoring large ETH holdings are watching closely to see if this becomes a sustained offload or just a routine liquidity management move. The speed of deposit distribution across multiple venues suggests this wasn't a casual transfer.