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.
🚨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.