According to Lookonchain, OTC wallets associated with Galaxy Digital have transferred 23,900 ETH valued at $42.52 million to Coinbase within the past 8 hours. This substantial movement of Ethereum to a major exchange typically signals potential increased selling pressure and could impact ETH short-term price action. Traders are closely monitoring Coinbase inflow data and on-chain analytics for indications of possible large-scale sell-offs or liquidity events. Source: Lookonchain via Twitter and intel.arkm.com.