According to ChainCatcher, data analysis platform The Data Nerd monitored a striking on-chain transaction: 8 hours ago, Galaxy Digital withdrew 50,000 AVAX, worth about $2.11 million, and 350 BTC, worth about $33.22 million, from Binance, a world-renowned exchange.

First, this large withdrawal action has attracted market attention to Galaxy Digital's investment strategy. The large-scale transfer of AVAX and BTC may indicate that the company has a new view on the market prospects of these two digital currencies.

Second, this transaction has also aroused people's interest in Binance's liquidity status. Although large withdrawals are not uncommon, such large-scale fund movements are still worthy of attention.

Finally, this incident once again emphasized the importance of on-chain data analysis, providing investors with a powerful tool to gain insight into market dynamics.