Galaxy Digital Ethereum transfers moved nearly 7,000 ETH on-chain, shifting liquidity and contributing to short-term market volatility; these whale transfers coincide with BTC gaining 3.77% and an ETH 2.74% pullback, signaling institutional reallocation that investors should monitor via on-chain flows and exchange balance changes.
Galaxy Digital moved ~7,000 ETH to whale addresses, including a 4,812 ETH deposit to a new wallet.
BTC rose 3.77% intraday while ETH experienced a 2.74% pullback, per on-chain snapshots.
On-chain liquidity and DeFi pools were affected as whale activity altered exchange balances and TVL dynamics.
Galaxy Digital Ethereum transfers reshaped intraday liquidity; monitor on-chain flows and exchange balances for trade signals — read our concise market update now.
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Galaxy Digital Ethereum transfers saw nearly 7,000 ETH moved on-chain, with one newly created wallet receiving 4,812 ETH. On-chain verification shows these transfers reduced exchange-side liquidity and coincided with heightened intraday volatility across BTC, ETH and select altcoins.
BTC recorded a 3.77% intraday gain, trading above $117,000 USDT before a slight pullback. ETH experienced a 2.74% pullback after brief gains. On-chain metrics indicate exchange balances declined and several DeFi liquidity pools showed temporary TVL shifts, consistent with large outbound ETH movements.
Large ETH transfers matter because they change available on-exchange supply and DeFi pool liquidity quickly. Reduced exchange balances can create short-term upward price pressure, while concentrated wallet holdings may signal strategic institutional allocation or custody movements by firms like Galaxy Digital.
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Source: https://en.coinotag.com/galaxy-digital-ethereum-whale-transfers-may-affect-liquidity-amid-eth-pullback-and-btc-gains/