Just saw a major on-chain movement, a new wallet transferred out 25k ETH from BitGo, which was worth about $57.13 million at the time. According to monitoring data, this transfer appears to be operated by Bitmine. As a major custodian, large transfers like this are quite common for BitGo, but every time I see ETH movements of this scale, I still pay attention.



It reminds me that BitGo often handles institutional-level asset custody, and large transfers by mining companies like Bitmine through BitGo are normal procedures. Moving 25k ETH at this level is considered a significant operation within mining companies.

This kind of on-chain data is actually quite worth paying attention to, as it can reveal some trends in institutional funds. BitGo’s transfer records have always been a key focus for market observers. Next time you see similar large movements, remember to keep an eye on them.
ETH-0.79%
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