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Institutional Demand for Ethereum May Be Rising
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Behind the scenes, institutional players may be accumulating Ethereum.
Market maker Cumberland recently withdrew around 23,000 ETH ($47M–$50M) from major exchanges like Binance and Coinbase—often a signal of large OTC activity or institutional inventory shifts.
At the same time, blockchain data shows the number of Ethereum holders has more than tripled in recent years, highlighting continued network growth.
#Ethereum #CryptoMarkets #ETH #OnChain
