28,000 ETH Transfer — Watch for Possible Exchange Deposit or Sell Pressure
I noticed a large on-chain move: 28,000 ETH (about $125.7M) was transferred from an unknown address to another unknown/new address. The counterparty is not labeled, so the purpose is unclear.
This could be a wallet consolidation, an OTC transfer, or the first step toward an exchange deposit and potential sell pressure. Without an exchange tag or further movement, I can't assume intent.
I'll monitor the receiving address for follow-up activity (exchange deposit, smart contract interaction, or distribution) and set alerts before taking trading action.
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