Ethereum Inflow to Bitmine: FalconX Sends 20,514 ETH, 6-Hour Total Reaches 40,719 ETH (~$138.28M)

COINOTAG News reports, citing OnchainLens data on November 6, that Bitmine, one of Ethereum‘s largest institutions, received 20,514 ETH from FalconX, valued at about $69.31 million. Over the prior six hours, Bitmine‘s inbound ETH transfers totaled 40,719 ETH, roughly $138.28 million, highlighting persistent institutional inflows. This on-chain activity underscores elevated institutional liquidity dynamics within the ETH ecosystem and signals continued custody-to-holdings movements among major market participants. Market participants will monitor subsequent address-level flows for any shifts in reserve allocations and potential implications for crypto liquidity and price sensitivity.