ChainCatcher reports that, according to OnchainDataNerd's monitoring, Galaxy Digital transferred 5,000 ETH to Binance 8 hours ago, which was approximately worth $8.11 million at the time. Over the past week, it has cumulatively transferred about 65,280 ETH to exchanges, valued at around $105 million.
As of now, the address still holds approximately 55,760 ETH, valued at around $87.86 million. Frequent transfers to exchanges may suggest an expectation of liquidation, and the market should pay attention to potential selling pressure.
