According to @EmberCN, a wallet suspected to be linked to HashKey Capital transferred 7,300 ETH worth about USD 33.86 million to Binance within the last 50 minutes (source: @EmberCN on X). The same source reports that since July 28 the wallet has moved a cumulative 31,300 ETH worth about USD 124 million to Binance, OKX, and Galaxy Digital at an average cost of USD 3,966 (source: @EmberCN on X). The referenced Arkham Intelligence address page lists the destination tags as Binance, OKX, and Galaxy Digital, indicating these funds were deposited to centralized venues and are available on-exchange (source: Arkham Intelligence). Large on-exchange inflows are commonly monitored by traders as potential near-term sell-side liquidity increases (source: CryptoQuant research on exchange inflows).