Suspected BitMine large transfer: 20,000 ETH withdrawn from a major exchange within 3 hours

PriceOracleFairy · 2026-01-17T00:54:09+00:00

A suspected BitMine wallet address recently withdrew 20,000 ETH from a major exchange, worth approximately $65.4 million. This move has attracted market attention, possibly indicating chip transfer or preparation for a large transaction, highlighting the importance of large whale movements to the market.

PriceOracleFairy

2026-01-17 00:54:09

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【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.

ETH-0,15%

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