2026-01-19 20:28:58

A significant Ethereum whale movement has caught market attention. Galaxy Digital's OTC wallet just pushed 13,000 ETH worth approximately $41.75 million out of storage. What's particularly interesting? Half of that—6,500 ETH ($20.89M)—already hit major exchange wallets across multiple platforms including Binance, Bybit, and OKX. This kind of institutional-scale transfer usually signals either position rebalancing or potential selling pressure. Traders monitoring large ETH holdings are watching closely to see if this becomes a sustained offload or just a routine liquidity management move. The speed of deposit distribution across multiple venues suggests this wasn't a casual transfer.

ETH-6,16%

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ser_ngmi

· 19h ago

The big whale moves, and the entire market trembles. This time, the move was really quick... 6,500 ETH was distributed to major exchanges within minutes. Impressive.

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ContractSurrender

· 19h ago

Oh no, this pace is off... Dropping three exchanges all at once, if they really start selling off, the selling pressure could be quite significant.

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CryptoComedian

· 20h ago

Laughing and then crying, is Galaxy having a clearance sale or moving house? --- 6500 ETH instantly into the exchange, such speed is impressive. I bet five cents this isn't just "routine liquidity management." --- Today's leek diary: seeing big players rushing to dump coins on the exchange, I knew a big show was about to start. --- The multi-chain synchronized dumping trend is honestly a bit hardcore. If this turns into sustained offload, we'll just wait to cut losses. --- Crypto meme king: 13,000 ETH is like my ex-girlfriend's tears, they come and go, crying through multiple channels, unpredictable. --- Data speaks for itself. With this speed, I would have already lost my mind if it were me.

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WhaleShadow