A large amount of capital flow has appeared on the Ethereum on-chain again. Bitmine has purchased a total of 29,463 ETH in a short period, with a total value of 88.2 million USD, and this capital comes from two major exchanges.



Among them, a newly created wallet address 0xecA received 18,454 ETH from a major custodian, equivalent to 55.61 million dollars; another holder withdrew 11,009 ETH (worth 33.14 million dollars) from a well-known exchange, and currently, this wallet has accumulated a total of 24,421 ETH, with a total value of 73.12 million dollars.

Based on on-chain data, the ETH transfer activities of large wallets and institutions remain active, reflecting market participants' continued positioning in Ethereum. Such large transfers usually indicate changes in market sentiment or strategies of major players, which are worth paying attention to in the future.
ETH-0,77%
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