Over 25,000 ETH withdrawn from the exchange to a new address, large amount withdrawal suspected to be an institutional transfer.

[Coin World] ETH Whale activity has a new trend. In the past 23 hours yesterday, a new Address withdrew 25,131.6 Ethereum in a single transaction from Bitgo, equivalent to a dollar value of approximately 74.76 million. The cost of this transfer was about 2,974.8 dollars per coin, and various signs indicate that the operator behind it is likely Bitmine. Such large withdrawals often represent fund adjustments by institutions or Large Investors—potentially preparing for trading, risk Hedging, or simply adjusting asset allocation. The liquidity performance of ETH during this phase and the movements of Large Investors are worth noting for market participants.