On-chain data tracking shows that a recent large fund movement worth noting has occurred. A leading asset management institution withdrew a total of 6,647 BTC (approximately $638 million) and 4,179 ETH (about $13.76 million) from a compliant platform within the past 8 hours.

Looking at a longer timeline, the withdrawal scale over the past two days is even more astonishing — a total of 9,346 BTC withdrawn from exchanges, approaching a value of nearly $900 million.

Such large-scale withdrawals are never trivial. When institutions withdraw a significant amount of coins from exchanges, it usually indicates two possibilities: either they are optimistic about the market and plan to hold long-term, or they are adjusting their asset allocation. Especially for top assets like BTC and ETH, every move by institutions can easily attract market attention. Based on the pace and scale of withdrawals, the underlying investment logic warrants traders and holders to stay alert.