OKX Sees Major Ethereum Whale Activity as $49.56M ETH Withdrawn Amid Supply Squeeze

In a notable MOVE highlighting institutional interest in Ethereum, a whale recently withdrew 13,224 ETH (worth $49.56 million) from OKX. This large-scale transaction, observed on July 22, 2025, aligns with growing accumulation trends as Ethereum's supply tightens and markets eye the $4K price level. Such withdrawals often indicate strategic positioning by major holders, whether for long-term holding or off-chain transactions. The event underscores Ethereum's evolving liquidity dynamics, with whale movements capable of causing short-term market impacts. As ETH's circulating supply continues to shrink due to staking and institutional adoption, this OKX withdrawal reinforces the asset's bullish fundamentals amid heightened activity from deep-pocketed investors.

Ethereum Whale Withdraws $49.56M from OKX

A significant ethereum transaction has captured market attention as a whale withdrew 13,224 ETH, valued at $49.56 million, from OKX. The move underscores growing institutional activity in the crypto space.

Large-scale withdrawals often signal accumulation strategies or preparations for off-exchange transactions. Ethereum's liquidity dynamics may see short-term impacts from such sizable movements.

Whales Accumulate ETH as Supply Tightens, $4K Target in Sight

Ethereum's march toward $4,000 gains momentum as whale activity signals a supply squeeze. Only 16,000 depositing addresses remain active—a five-year low—while exchange reserves dwindle to levels last seen before the 2021 bull run.

Aguila Trade's $128 million long position now carries $631,000 in unrealized profits, mirroring broader institutional confidence. The same whale that lost $8 million shorting ETH has repositioned bullishly, suggesting professional traders anticipate sustained upside.

OKX witnessed a 13,244 ETH withdrawal worth $49.52 million this week, the latest in a string of custodial outflows. When whales move assets to cold storage, markets typically interpret it as a multi-quarter holding strategy rather than short-term profit-taking.