On September 17, COINOTAG reported that on-chain analytics provider Onchain Lens identified a newly created wallet that, over a three-day window, withdrew 6,748 ETH from centralized exchanges Binance and Bitget, equal to approximately $30.7 million. This on-chain ETH withdrawal constitutes a material crypto outflow from exchange custody and signals a transfer of liquidity to private wallets or custodial solutions. While such movements can indicate portfolio consolidation or custodial repositioning, available on-chain evidence does not confirm intent, and any immediate market impact remains indeterminate pending further transactional disclosures.
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