According to data from on-chain data aggregator Santiment, whale addresses chose to transfer ETH out of the trading platform at the same time that the price of ETH exceeded the $1,850 level for the first time in nearly three months. The supply of ETH held in exchange platform wallets has dropped to 8.41%, the lowest level since Ethereum’s creation in 2015. The transaction volume of whale addresses withdrawing ETH from centralized exchanges reached a six-month peak.

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