Institutional Selling of ETH on Binance and Kraken

According to @lookonchain, institutions appear to be selling Ethereum (ETH) today. Amber Group deposited 6,443 ETH worth $17.62 million to Binance and Kraken approximately 6 hours ago. Additionally, Cumberland deposited 6,439 ETH valued at $17.66 million to Binance about 3 hours ago. These large deposits suggest significant selling activity by institutions.
SourceLookonchain
@lookonchainLooking for smartmoney onchain