🚨INSTITUTIONS ACCUMULATING ETH? K3 CAPITAL AND ABRAXAS CAPITAL PULL $30M+ FROM EXCHANGES!
K3 Capital-linked wallet withdrew 10,000 $ETH (~$17.85M) from Binance.
Abraxas Capital withdrew 6,948 $ETH (~$12.42M) from Binance and Bitfinex, all in the last hour, according to Lookonchain data.
Smart money moving off exchanges often signals accumulation or long-term positioning.
Institutions seem to be accumulating $ETH.
A wallet linked to #K3Capital# withdrew 10,000 $ETH($17.85M) from #Binance# 1 hour ago.
Abraxas Capital also withdrew 6,948 $ETH($12.42M) from #Binance# and #Bitfinex# 1 hour ago.
Bitcoin whales quietly bought $16.7 billion during the panic
Large holders accumulated more than 270,000 $BTC over the past two weeks, per Bitfinex data shared with CoinDesk, even as spot ETFs posted their worst month on record.
Analysts note this exact divergence, institutions selling while whales absorb the supply, has historically appeared near cycle bottoms. ETFs also snapped their outflow streak with a $221M inflow Thursday.