According to @EmberCN, an address suspected to be associated with HashKey Capital transferred 12,000 ETH to OKX two days ago and subsequently withdrew 46.16 million USDT from OKX yesterday, indicating the sale of 12,000 ETH at an average price of $3,847. This large-scale ETH sale could impact short-term ETH price volatility and liquidity on both OKX and the broader crypto market, potentially signaling institutional profit-taking or rotation strategies. Source: @EmberCN.

According to @lookonchain, Galaxy Digital transferred nearly 30,000 BTC, valued at approximately $3.5 billion, to exchanges today, with most of the Bitcoin reportedly sold. Following these large BTC transactions, Galaxy Digital withdrew $1.15 billion in USDT from exchanges, suggesting significant capital repositioning. The firm continues to hold 18,504 BTC, worth about $2.14 billion. This sizable Bitcoin sell-off and subsequent stablecoin withdrawal could create short-term downward pressure on BTC prices and impact overall crypto market liquidity. (Source: @lookonchain)