A long-term ETH holder/institution has made significant moves in the past 24 hours. This wallet has accumulated 101,000 ETH over the past five years at an average cost of $660 from several major mainstream trading platforms, and has held steadily until now.

Suddenly, they have started to take major actions—over the past day, this institution has transferred a total of 40,251 ETH (worth approximately $124 million) into a large exchange. The latest transfer was completed just an hour ago, with a single transfer of 26,000 ETH, valued at about $80.16 million.

Such sudden large movements by long-term holders shifting to exchanges often attract market attention. The behavior of low-cost holders often signals some market insight—whether they are preparing to reduce holdings for arbitrage or planning a major move, it’s worth monitoring.