A whale withdrew 3,000 ETH from Binance. Could this be a sign of hoarding in anticipation of a price increase?

ETH
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Large flows of funds are continuously moving from CEXs to private wallets for storage.

🔹 Large amounts of funds continue to leave centralized exchanges CEX and move to private wallets for safekeeping.

🔸 Large flows of funds are continuously leaving CEXs and moving to private wallets for safekeeping.

🔹 According to onchain data, a whale wallet address labeled Token Millionaire just withdrew 3,000 $ETH from Binance. This is worth $8.81 million. Withdrawing funds to a private wallet is often a signal that whales intend to HODL rather than sell immediately.

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