According to Lookonchain, a major whale or institution purchased 108,278 ETH, valued at $283 million, through an OTC transaction. Galaxy Digital's OTC wallet withdrew 89,000 ETH ($233.5 million) from exchanges in the last 12 hours and subsequently transferred the full 108,278 ETH ($283 million) to the whale's wallet address 0x0b26. Such large-scale OTC accumulation and significant exchange withdrawals signal strong bullish sentiment among institutional players, decreasing immediate sell pressure on open markets and potentially driving ETH price higher in the short term. Traders should monitor wallet 0x0b26 for subsequent movements, as further accumulation or transfers could heavily impact Ethereum's liquidity and price action. Source: Lookonchain (Twitter, June 4, 2025).