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-3,89%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
4
Repost
Share

Comment

0/400

ser_ngmi

· 11h 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.

View OriginalReply0

ContractSurrender

· 11h 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.

View OriginalReply0

CryptoComedian

· 12h 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.

View OriginalReply0

WhaleShadow