According to @EmberCN, a major whale or institution accumulated 63,838 ETH (worth $232 million) within the past day by transacting through FalconX and Galaxy Digital. The accumulation was executed by creating three new wallet addresses via BitGo's Wallet Factory, which subsequently received the entire ETH amount from FalconX and Galaxy Digital at an average price of $3,640 per ETH. This significant inflow to new addresses may signal bullish sentiment and potential supply tightening for ETH in the near term, and traders should monitor these wallets for further large movements. Source: @EmberCN.