Galaxy Digital Withdraws 37,808 ETH — Possible Institutional Accumulation
I noticed Galaxy Digital withdrew 37,808 ETH (~$172M) from centralized exchanges in the past 24 hours.
That is a meaningful outflow that can reduce exchange liquidity and may signal institutional accumulation or transfer to custody/staking; the market impact depends on whether these coins are being sidelined or prepared for sale.
I will watch exchange balances, on-chain flows and price action for confirmation before changing my exposure.
Analysis
Recommendation
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.