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ETH

Galaxy Digital Withdraws 37,808 ETH — Supply Drop Could Signal Accumulation

I noticed Galaxy Digital withdrew 37,808 ETH (~$172M) from centralized exchanges in the past 24 hours. I interpret this as a meaningful reduction in available exchange supply that often accompanies accumulation or cold-storage moves by large holders.

I remain cautious because withdrawals can also be operational (custody reshuffling, staking, OTC preparation) rather than outright bullish bets. I’ll be watching on-chain flow, exchange balances, and price reaction over the next 48–72 hours to confirm intent.

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Analysis

A withdrawal of this size materially lowers exchange-held ETH and can tighten liquidity, which historically supports upside if sustained. However, the motive is ambiguous—custody transfers, staking, o...

Recommendation

Monitor exchange balances, large wallet activity, and price action. If on-chain evidence of accumulation continues, consider a phased buy; otherwise remain neutral until intent is clearer.

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.

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