Massive ETH Withdrawals: Over $323 Million Transferred from Binance and Bitfinex

COINOTAG News reported on February 11th that significant transactions have been made in the Ethereum network, according to LookIntoChain analytics. The address 0xb99a…BcF5 executed a withdrawal of 56,909 ETH, equivalent to approximately $151.6 million, from Binance just four hours prior to the report. Meanwhile, another address, 0xEd0C…4312, has also seen notable activity, withdrawing 64,603 ETH, valued at around $171.8 million, from both Binance and Bitfinex within the last 48 hours. These withdrawals highlight the ongoing shifts in liquidity and investor sentiment within the cryptocurrency market, pointing to potential implications for ETH’s price stability and trading volume as the market reacts to these large movements.