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Galaxy Digital Deposits 65.28k ETH to Binance: Trading Implications and Insights – Blockchain News

According to The Data Nerd, Galaxy Digital deposited another 5,000 ETH (approximately $8.11 million) to Binance. This brings their total deposits to 65,280 ETH (around $104.73 million) within a week. Currently, they still hold 55,760 ETH (valued at about $87.86 million). This significant movement of Ethereum could indicate a potential sell-off or strategic positioning, which traders should monitor closely for market impact.
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