On-chain data shows that a large ETH transfer occurred at 05:20 this morning. An anonymous address transferred 2486.9999565168723 ETH to Kraken. Based on the price at that time, this transfer was worth approximately $7.33 million.

From the data, such large transfers often attract market attention. The anonymous nature of the transfer address also adds a layer of mystery—whether it is institutions rebalancing or whales positioning remains uncertain for now.

It is worth noting that ETH flowing to exchanges is usually interpreted by the market as a potential sell pressure signal, but it could also simply be a matter of fund reallocation. The specific background requires further observation and verification. These on-chain movements are undoubtedly important reference information for traders who focus on market liquidity and whale behavior.