According to Lookonchain, Abraxas Capital has withdrawn 138,511 ETH, valued at approximately $297 million, from exchanges over the past two days (source: x.com/lookonchain). This substantial outflow indicates significant accumulation activity, which typically reduces immediate sell pressure on Ethereum markets. Such large-scale withdrawals are often interpreted by traders as a bullish signal, suggesting confidence in future ETH price appreciation. The event is likely to drive increased volatility and could spark renewed interest in ETH trading pairs across major crypto exchanges.

According to @ai_9684xtpa, Galaxy Digital's affiliated wallet recently withdrew 9,368 ETH from Binance and Bullish.com, valued at $15.4 million with an average withdrawal price of $1,644. This significant movement could indicate strategic shifts or market reactions, suggesting traders monitor Ethereum's price closely for potential volatility. Source: Gateio.