[Institution Sells 154,300 ETH, Transferred to Multiple CEXs] Looks like an institution is executing the sale of approximately 154,300 ETH ($378M)?! ◎ From yesterday until just now, over the course of a little more than a day, they’ve gradually transferred 52,739 ETH ($129M) into 6 CEXs, including Binance and OKX. Currently, the address still holds 101,561 ETH ($249M). ◎ Source of these ETH: Withdrawn from Coinbase between 2021-2022 at an average price of around $1,700 → Deposited into Ethereum staking in 2023 → Redeemed from staking in January last year → Finally consolidated into 2 wallets over the past two days and gradually transferred to multiple CEXs. Addresses: https://((arkm.com))/explorer/address/0x2Ea212A3b33DA76c182A512385694A4111ac5d91 https://((arkm.com))/explorer/address/0xF62621Ac60fA71e2D6A99C085Df22082F7C03a45 -------------------------------------------------------------------------- Bitget is here, and you're VIP! Crypto, US stocks, CFDs—global opportunities all in one place.