According to on-chain data, institutional backers such as Galaxy Digital and Paradigm have been significantly reducing their ETH holdings in recent weeks, including:
Galaxy Digital has deposited 65,600 ETH (worth $105.50 million) into Binance, reducing its ETH holdings from 98,000 to nearly 68,000.
Paradigm recently transferred 5,500 ETH to Anchorage Digital, and since January has transferred approximately 97,000 ETH (worth approximately $301.57 million) to Anchorage Digital, which was subsequently transferred to CEX.
Analysis: Recently, the two institutions have significantly reduced their holdings of ETH, which may cause market instability
2025-04-25 02:06:51
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