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Recently, I noticed an interesting on-chain movement—Grayscale has transferred 17,148 ETH and 117.24 BTC to a leading compliant platform. This transfer is quite significant; the market value of this ETH is approximately $50.26 million.
When it comes to such transfers, the market generally views them as a precursor to capital outflows. After all, on-chain actions by major institutions often indicate subsequent market trends. The current question is whether this move by Grayscale is part of a capital reallocation or if they are truly planning to reduce their holdings. Everyone is closely watching this.
From on-chain data, such transfers of this scale are indeed noteworthy. If there are further actions, they could impact the short-term trends of Ethereum and Bitcoin.