According to @lookonchain, wallet 0x97BD withdrew another 10,000 ETH worth $31.91M from Bitget about 2 hours ago and now holds 34,188 ETH valued at $108.8M. Source: Lookonchain on X, Dec 4, 2025: https://twitter.com/lookonchain/status/1996563810149347384; on-chain address data: https://intel.arkm.com/explorer/address/0x97BD75506c31530a1fDc994B53434461ED1D6653 Traders monitor large exchange outflows like this as potential reductions in immediate sell-side liquidity in spot markets. Source: Glassnode Insights research on exchange flows

According to Onchain Lens, a whale withdrew 9,000 ETH (approximately USD 34.66 million) from Bitget after three months of inactivity, based on Nansen on-chain data. According to Onchain Lens, the same entity holds 15,127 ETH (approximately USD 58.4 million) staked via Lido Finance, citing Nansen data. According to Onchain Lens, the address involved is 0x97BD75506c31530a1fDc994B53434461ED1D6653, per Nansen’s labeling. According to Onchain Lens, this movement constitutes a 9,000 ETH outflow from Bitget’s on-chain wallets, as recorded by Nansen.