Whale offloads 30,000 ETH in $55M Galaxy Digital OTC trade

AI Market Summary

On-chain monitoring indicates a whale/institution executed an OTC sale of 30,000 ETH (~$55M) via Galaxy Digital around $1,833, receiving USDC shortly after. While OTC flow reduces immediate exchange order-book impact, it still signals sizeable supply distribution and potential risk-off positioning in ETH. The transaction may weigh on near-term sentiment and prompt traders to watch for follow-through transfers or additional large disposals.

Impact level

● Medium

Affected assets

ETH/USDT+1.00%

AI Insight · ETH/USDTAI Insight

▼ Bearish

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Huo Xing Finance reported that EmberCN monitoring data showed a large whale or institutional player executed an over-the-counter sale of 30,000 ETH—worth about $55 million—through Galaxy Digital. The trade was priced at $1,833 per ETH. The wallet moved the 30,000 ETH to Galaxy Digital's OTC address around seven hours ago and received 55 million USDC roughly three hours later.

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