Ethereum Whale Bitmine Receives 20,205 ETH Worth $69.89M From Coinbase and FalconX

COINOTAG News, reporting on OnchainLens analytics, notes that Ethereum’s leading whale Bitmine was the recipient of 20,205 ETH worth approximately $69.89 million this morning, with transfers originating from Coinbase and FalconX.

In a separate on-chain move, an unidentified wallet labeled 0xca6 secured 4,009 ETH valued at about $13.76 million from Galaxy Digital, and the address now holds a total of 13,281 ETH (~$45.58 million).

These large-position transfers illustrate ongoing liquidity dynamics among major market participants and underscore the value of on-chain surveillance in assessing near-term market activity without speculation.