According to @lookonchain, a newly created wallet 0x9D99 withdrew 5,297 ETH worth about USD 24.7 million from Binance and Bitget, while whale 0x7451 received 13,322 ETH worth about USD 61.65 million from FalconX roughly an hour before the post (source: @lookonchain). Based on @lookonchain’s figures, these flows total 18,619 ETH worth about USD 86.35 million within hours, and @lookonchain characterizes this as continued ETH whale accumulation (source: @lookonchain). Glassnode research indicates that sustained exchange outflows reduce on-exchange balances and are often associated with accumulation phases that can tighten spot liquidity, a dynamic traders monitor for directional bias (source: Glassnode). CryptoQuant has similarly reported that declining exchange reserves alongside rising self-custody by large holders has historically coincided with stronger spot trends, suggesting traders should track exchange netflow and whale wallet activity for confirmation (source: CryptoQuant).