According to The Data Nerd, there have been significant Ethereum withdrawals from exchanges totaling 12,624 ETH, approximately valued at $33.12 million, within a 24-hour period. Notable withdrawals include 3,235 ETH (~$8.82M) by address 0x11d, and 2,500 ETH by address 0x562, which may be associated with Berachain. These large withdrawals could indicate a shift towards long-term holding or utilization in decentralized finance, impacting ETH liquidity on exchanges.