According to Aggr News, Binance and Bitget have deposited more than 50,000 ETH into Bybit's cold wallets. This significant transfer may impact Ethereum liquidity and trading dynamics on Bybit, potentially affecting ETH price movements. Such substantial transfers could indicate strategic positioning or preparations for upcoming trading activities. Traders should monitor Bybit for any subsequent changes in ETH trading volumes and price fluctuations.

According to Crypto Rover, a correction has been issued regarding previous statements about cold wallets. This clarification is crucial for traders managing their digital assets securely, as cold wallets are offline storage used to protect cryptocurrencies from unauthorized access. Traders should ensure they are relying on accurate information for their wallet management strategies. Source: Crypto Rover on Twitter.

According to Santiment, Ethereum has shown mild signs of a rebound, with its market value reaching $2,745 and outpacing most altcoins at the start of the week. Additionally, from a long-term perspective, Ethereum is increasingly moving off exchanges and into cold wallets, with only 6.38% of its supply remaining on exchanges. This trend is significant for traders as reduced exchange supply can indicate less selling pressure and potentially a bullish sentiment.