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On-chain data shows that in the past day, new Wallet addresses have received over 25131 ETH from the well-known accomplice service provider Bitgo, with a transfer amount reaching 74.76 million USD. Based on the price at the time of the transaction, the average price of the incoming ETH when withdrawn was about 2974.8 USD.
From the perspective of the scale of the transfer and the characteristics of institutional-level operations, this transaction is suspected to be related to Bitmine. Such large-scale ETH flows often indicate position adjustments or asset reallocations by institutional investors. For traders closely monitoring on-chain movements, such whale transfer data can help better understand market liquidity changes and institutional capital flows.