Major Ethereum Exodus as Institutional Holdings Reach Record Levels

While ETH prices have shown limited directional movement recently, a significant shift is occurring behind the scenes. Institutional whales are withdrawing Ethereum from exchanges at an unprecedented rate. A staggering 4 million ETH, valued at approximately $17 billion, moved into large private wallets within just five days. This substantial movement indicates profound long-term confidence and is dramatically reducing the immediately available supply.

Exchange reserves of Ethereum have plummeted to their lowest point in three years, according to recent data. This decline is driven by an aggressive accumulation strategy from institutional entities. In a notable example, the crypto firm Bitmine increased its holdings by 46,255 ETH. The company now possesses over 2.1 million ETH, with a total value of $9.27 billion. This pattern demonstrates that major market... Read more...