According to Lookonchain (X, Sep 7, 2025), ETH whale address 0x998a7fd73446cD6532bf3058a270581730B27137 transferred all 58,938 ETH (about USD 254M) after roughly six years of dormancy, with the activity reported as occurring about three hours prior, source: Lookonchain. Lookonchain adds that 21,178 ETH (about USD 91.54M) from this total was deposited to Bitfinex, placing a sizable share on-exchange, source: Lookonchain. Arkham Intelligence’s address explorer for 0x998a7fd73446cD6532bf3058a270581730B27137 shows multiple outbound transactions consistent with the total moved and the timing cited, corroborating the movement, source: Arkham Intelligence. On centralized exchanges, deposited assets are available for immediate spot execution on order books, which increases on-exchange ETH supply and near-term liquidity on Bitfinex, source: Bitfinex documentation. Short-term traders can monitor ETH exchange netflows and Bitfinex order book depth around this event to gauge liquidity shifts, source: CryptoQuant metrics documentation; Bitfinex market data.