According to Lookonchain, fresh wallet 0x2A92 bought another 30,069 ETH worth $138.46M during the market drop and has withdrawn a total of 53,434 ETH ($242.34M) from Kraken over the past two days, with the address viewable on Arkham Intelligence. According to Glassnode and CryptoQuant research, large exchange outflows are historically associated with accumulation and reduced immediate sell-side liquidity, which can be constructive for spot price. According to CryptoQuant and Kaiko analyses, traders should track whether these withdrawn coins stay in self-custody or are re-deposited, as subsequent exchange inflows can negate the bullish outflow signal.