Anonymous whale withdraws $21.6M in ETH from Bybit

An anonymous whale address starting with 0x0a8 has withdrawn 9,600 ETH ($21.6 million) from Bybit over the past five hours, Onchain Lens reported on X. Withdrawals from exchanges are typically interpreted as a sign of intent to hold. The address currently holds 17,811 ETH, valued at $40.2 million.