According to Lookonchain, major Ethereum whales are accelerating their accumulation, with whale 0xc097 withdrawing 13,037 ETH (valued at $35.5 million) from Binance in the past 24 hours and Abraxas Capital moving 44,612 ETH (worth $123 million) from both Binance and Kraken in the past 14 hours (source: Lookonchain, intel.arkm.com). These substantial outflows from centralized exchanges typically indicate bullish sentiment among large investors and could reduce sell-side liquidity, potentially impacting short-term ETH price action and increasing volatility for traders.