Anonymous whale withdraws $62.3M in ETH from multiple exchanges in 12 hours

An anonymous whale address, believed to belong to an institution, has withdrawn 20,000 ETH, valued at $62.3 million, from multiple exchanges over the past 12 hours, according to Onchain Lens. The address, which begins with 0x363ad, pulled the assets from platforms including Galaxy Digital, Coinbase, FalconX, and Cumberland. Such large-scale withdrawals from exchanges are typically interpreted as a signal of intent to hold.