Bitmine-linked address withdraws $69.4M in ETH

A new address believed to belong to Bitmine (BNMR) has withdrawn a total of 35,000 ETH, worth approximately $69.37 million, over the past 11 hours, Onchain Lens reported. The address first moved 20,000 ETH ($39.8 million) from BitGo, followed by a withdrawal of 15,000 ETH ($29.57 million) from FalconX about four hours later. Withdrawals from exchanges are typically interpreted as a sign of intent to hold assets.