According to @OnchainLens, on Aug 16, 2025 a newly created wallet withdrew 9,006 ETH, valued at approximately $40.16 million, from Kraken, indicating a large on-chain exchange outflow event. Source: Onchain Lens (X, Aug 16, 2025). Arkham Intelligence on-chain records show the funds moved from a Kraken-labeled address to a fresh externally owned account, confirming the exchange-to-self-custody transfer of 9,006 ETH. Source: Arkham Intelligence explorer data. This transfer reduces Kraken’s on-exchange ETH balance by about 9,006 ETH at the time of movement, a metric traders monitor for near-term liquidity and order-book impact. Source: Arkham Intelligence explorer data. Market analysts commonly track exchange outflows as potential indicators of reduced immediate sell-side supply; historical research links declining exchange balances with accumulation phases in ETH. Source: Glassnode, The Week On-Chain analyses (2020–2024). Traders often cross-check follow-through using exchange reserves metrics and flow-based indicators to assess whether outflows persist across venues. Source: CryptoQuant metric documentation on Exchange Reserves.

According to @OnchainLens, a newly created wallet withdrew 53,434 ETH, worth about $244M, from Kraken over the last two days; the address and consolidated withdrawals can be verified on Arkham Intelligence’s explorer (source: Onchain Lens; Arkham Intelligence). Historically, net exchange outflows in ETH align with reduced immediate sell-side liquidity and accumulation behavior, which tends to be constructive for spot market microstructure when funds are not recycled back to exchanges (source: Glassnode Insights; CryptoQuant research). Traders can monitor subsequent movements of the withdrawing address and ETH perp funding/basis for signs of tightening spot supply conditions (source: Arkham Intelligence; derivatives exchange funding-rate dashboards).

According to Lookonchain, a newly created wallet withdrew 4,150 ETH (worth $10.72 million) from the Kraken exchange approximately 50 minutes ago, as reported on May 30, 2025 (source: Lookonchain via Twitter and intel.arkm.com). This significant outflow from a centralized exchange may indicate accumulation by a large investor, commonly referred to as a whale. Such moves typically signal bullish sentiment among institutional or high-net-worth traders, as assets are often moved off exchanges for long-term holding or DeFi activities. Historically, large withdrawals of Ethereum can tighten supply on exchanges, potentially leading to upward price pressure if demand remains strong. Traders should monitor on-chain flows and exchange balances closely for further indications of market direction.

According to Lookonchain, Abraxas Capital Mgmt (Heka Funds) withdrew 33,035 ETH (approximately $60 million) from Binance and Kraken about five hours ago (source: Lookonchain, intel.arkm.com). This significant outflow of Ethereum from major exchanges typically signals a potential shift in trading strategy, such as long-term holding or institutional custody, and may reduce immediate sell pressure on ETH. Traders often interpret large exchange withdrawals by institutional players as a bullish indicator for Ethereum price action and overall market sentiment.