While much of the market is focused on short-term price action, some of the biggest players on-chain are quietly pulling large amounts of $ETH off exchanges.

In the past few hours alone, two notable wallets have withdrawn more than 27,650 ETH, worth over $43 million.
🐋 K3 Capital: Just 3 hours ago, K3 Capital withdrew 20,000 ETH, valued at more than $30 million.
Large exchange withdrawals are often viewed as a sign of accumulation, as assets moved off exchanges are typically less likely to be sold immediately.
🐋 Chun Wang-Linked Wallet: At the same time, a wallet linked to Chun Wang has continued its recent buying spree.
Over the past 2 hours, the wallet withdrew another 7,650 ETH, worth approximately $12.93 million.
This follows several other large #ETH withdrawals associated with the same wallet over recent weeks.
WHAT WE THINK: Whether they're preparing for long-term holding, staking, or simply positioning for further upside, one thing is clear:
Big players are accumulating ETH again.
Anyways here are the addresses:
K3 Capital:
0x4352Cc849b33a936Ad93bB109aFDec1c89653b4f
Chun Wang-linked wallet:
0xF42BcFD3dd5fcdd984d24FD2787383195C7f2b51