Came across Onchain Lens: Fidelity moved ETH to Galaxy Digital again today—just transferred another 10,000 ETH (about $22.32 million), bringing today’s total to 27,000 ETH, or roughly $60.27 million.
The monitoring label says “intended for sale”; Arkham shows the transfers came from a Fidelity Custody address. When institutions move holdings to a trading desk like Galaxy, it’s usually for OTC trades and doesn’t necessarily mean an immediate sell-off, but $60 million is still a sizable amount.
ETH has already been fluctuating along with the nonfarm payrolls report and U.S. stocks these past couple of days. Another move of this size from an institution is bound to draw extra scrutiny from the market.
#ETH #富达 #GalaxyDigital
The monitoring label says “intended for sale”; Arkham shows the transfers came from a Fidelity Custody address. When institutions move holdings to a trading desk like Galaxy, it’s usually for OTC trades and doesn’t necessarily mean an immediate sell-off, but $60 million is still a sizable amount.
ETH has already been fluctuating along with the nonfarm payrolls report and U.S. stocks these past couple of days. Another move of this size from an institution is bound to draw extra scrutiny from the market.
#ETH #富达 #GalaxyDigital
