According to Lookonchain, a newly created wallet 0x52B7 withdrew 30,278 ETH worth about $91.16M from Kraken, with Lookonchain noting the wallet may be linked to Bitmine, and the address activity is visible on Arkham Intelligence. Glassnode and CryptoQuant research show that sustained exchange outflows are often associated with investor accumulation phases and reduced on-exchange balances, a dynamic traders frequently view as supportive for ETH during such periods. Kaiko’s market microstructure research indicates that a single large withdrawal does not guarantee immediate price impact due to fragmented liquidity and depth across venues. Traders can monitor subsequent transfers from 0x52B7 and exchange reserve metrics to gauge follow-through using Arkham Intelligence and CryptoQuant dashboards. Sources: Lookonchain; Arkham Intelligence; Glassnode; CryptoQuant; Kaiko.