According to @OnchainDataNerd, wallet 0xE75 withdrew 17,591 ETH (about 81.48 million USD) from Coinbase within 24 hours, source: @OnchainDataNerd. According to @OnchainDataNerd, an address attributed by the source to Galaxy Digital withdrew 37,808 ETH (about 172 million USD) from exchanges in the same window, source: @OnchainDataNerd. According to @OnchainDataNerd, these tracked outflows total 55,399 ETH (about 253 million USD), reducing immediately available ETH on exchanges by that amount, source: @OnchainDataNerd. According to @OnchainDataNerd, traders can monitor the cited addresses for follow-through flows to gauge ETH liquidity and whale accumulation, source: @OnchainDataNerd.

According to @AltcoinGordon, more than 300,000 ETH have left centralized exchanges in the past month, which is a significant decrease in liquid supply (source: Twitter, May 17, 2025). Historically, such large-scale outflows are interpreted as investors moving assets to self-custody, often in anticipation of price appreciation. This trend reduces sell-side pressure and increases scarcity, which can trigger rapid price movements or 'GOD Candles' in the Ethereum market. Traders should monitor on-chain data for continued outflows as this could indicate strong bullish momentum for ETH, potentially influencing the broader crypto market.

According to IntoTheBlock, over the past seven days, centralized exchanges have seen net outflows of approximately $380 million worth of Ethereum (ETH), signaling a strong accumulation trend among investors. This sustained outflow typically reduces available supply on trading platforms, which can increase price volatility and potentially support bullish momentum for ETH in the near term (source: IntoTheBlock, May 2, 2025). Traders should monitor exchange wallet balances and on-chain activity as key indicators for upcoming price movements.