34.74 million USD worth of ETH flowing into exchanges! Institutional address activity sparks market attention


On-chain monitoring shows that an address affiliated with Galaxy Digital OTC, 0x16F...1Fde, recently transferred 15,000 Ethereum to exchanges, worth approximately 34.74 million USD.
Further tracking reveals that this batch of funds originally came from about 38k ETH withdrawn from Aave a week ago. Notably, this was during the period of the Kelp DAO attack, and the market was once concerned about potential bad debt risks for Aave.
Now, with some funds transferred to exchanges, the market is beginning to focus on whether this institutional capital might be subsequently liquidated or repositioned.
In the on-chain world, every move by large funds is like a “pre-signal” for the market.
Truly mature investors don’t just look at price fluctuations but also observe where the funds are flowing. 📊#WCTC交易王PK #加密市场小幅下跌 #Polymarket每日热点 $ETH $AXS
ETH-1.12%
AXS3.32%
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