Amber Group, Metalpha withdraw combined $28.2M in ETH from Binance

Institutional investors appear to be accumulating ETH, according to an analysis by on-chain data firm Lookonchain. The firm reported that crypto market maker Amber Group withdrew 6,000 ETH ($18.8 million) from Binance approximately two hours ago. Additionally, Hong Kong-based digital asset manager Metalpha withdrew 3,000 ETH ($9.4 million) from the exchange about three hours ago.