According to Cas Abbé, Bitcoin experienced its largest daily exchange outflow since April 2024, with nearly 17,000 BTC worth $1.65 billion being withdrawn. A significant portion of this, 15K BTC, was withdrawn from Coinbase, suggesting institutional accumulation. This trend indicates potential strategic moves by major investors, which could impact trading strategies and market sentiment (source: Cas Abbé).

According to Lookonchain, institutions are accumulating ETH as evidenced by Cumberland's recent withdrawal of 62,381 ETH, valued at $174 million, from exchanges to Coinbase Prime. This movement suggests a potential strategic positioning in ETH by institutions for long-term holding or trading purposes.

According to Lookonchain, Cumberland has withdrawn 62,381 ETH, valued at approximately $174 million, from exchanges and transferred it to Coinbase Prime. This movement indicates a potential institutional accumulation of Ethereum, which may influence trading strategies as it suggests confidence in ETH's value. Source: Lookonchain.