Galaxy Whales Deposit 45K ETH to Exchanges as BitMine Buys 65K Amid $2,262 Test
Ethereum slips to $2,262 after Galaxy Digital-linked wallets moved 45,000 ETH ($104M) to exchanges in 15 hours and spot ETFs flipped to -$160M weekly outflows, heightening dump fears. The surge began April 20 with $252M in 20x whale longs fueling a 41% rally to $2,400 on $493.7M ETF inflows, Bitmine's 101K ETH buy, and 700K whale accumulation. Profit-taking ($48M Matrixport), ICO whale $23M dumps at $2,300 support, and retail's 756K ETH sell-off versus institutions' 60K buy have capped upside, with $2,200 support now key.