buy

Galaxy Digital's $172M ETH Exit Signals Supply Squeeze

I note that Galaxy Digital moved 37,808 ETH (~$172M) off centralized exchanges in the past 24 hours. That size of withdrawal from CEXs is material and reduces readily available sell-side supply.

I view this as a bullish on-chain signal: large custodial withdrawals typically indicate accumulation, custody for institutional clients, or staking/cold-storage intentions rather than immediate selling. However, one transaction alone doesn't guarantee a sustained trend — it could precede OTC distribution or internal rebalancing.

I'll be watching follow-through flows, exchange balances, and staking deposits. If withdrawals continue and on-chain sell pressure falls, this supports a constructive view on Ethereum; until then I remain cautiously optimistic.

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Analysis

The withdrawal materially reduces exchange liquidity and likely reflects institutional custody, staking, or accumulation. Such outflows can tighten available supply and lift price if demand persists; ...

Recommendation

Monitor continued exchange outflows and price reaction; consider a buy bias on confirmed follow-through (reduced exchange balances + rising demand), but manage risk in case this proves to be an OTC di...

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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