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Suspected BitMine large transfer: 20,000 ETH withdrawn from a major exchange within 3 hours
【Blockchain Rhythm】 Interestingly, a wallet address suspected to belong to BitMine has made a big move again. Just this morning, it transferred out 20,000 ETH from a major exchange, which at current prices is worth approximately $65.4 million. Such actions were instantly detected by major monitoring systems on the chain—transferring 20,000 ETH in a single transaction is indeed a significant move. From the transaction pattern, this address has recently increased its withdrawal frequency. What does such a large net outflow of ETH usually indicate? Either the chips are being transferred to cold wallets for locking, or preparations are being made for a large transaction. Regardless, the movements of such big whales have always been key signals that market participants pay close attention to.