Galaxy Digital Transfers $99M in Ethereum to Binance Amid Market Volatility

Galaxy Digital has moved a substantial amount of Ethereum (ETH) to Binance and other exchanges, totaling 62,181 ETH ($99.46M) over the past six days. The latest transfer of 12,500 ETH ($20M) to Binance has sparked speculation about potential sell-offs or strategic reallocations as market volatility intensifies.

Galaxy Digital Moves $99M in ETH to Exchanges

Galaxy Digital has transferred a significant amount of Ethereum (ETH) to various cryptocurrency exchanges over the past six days, raising speculation about potential sell-offs or strategic reallocations. Specifically, 12,500 ETH ($20M) was moved to Binance eight hours ago, bringing the total ETH deposited to 62,181 ETH ($99.46M). These large transfers come amid heightened market volatility and speculations about upcoming institutional activity.

Binance Research Highlights U.S. Treasury Issuance Impact on Crypto

Binance Research has identified U.S. Treasury issuance as a key macro area to watch. By 2025, the U.S. Treasury supply is expected to hit a record $31 trillion, accounting for about 109% of GDP and 144% of the M2 money supply. This looming financing pressure could have significant implications for stocks, bonds, and cryptocurrencies. Foreign demand will be a crucial variable in this scenario of massive debt issuance. Investors should pay close attention to these developments, as changes in M2 tend to have wide-ranging effects across market segments.