Ethereum saw a flurry of withdrawals worth approximately $11.7 million from the crypto exchange OKX, with four newly created wallets sending off ETH in just three hours. Blockchain analysts and traders are scrutinizing this activity, as it raises questions about potential market play and the direction of Ethereum’s price. The withdrawals were executed by these addresses: 0xeE1a23af6c7D728A0D1f908a2832adB89490905a, 0x93a869DeB5d6021914C02683A77E7C3247823a35, 0x27740fD2c251f38c0bFdd7e0a6EA20ae2F1008be, and 0xB51877D767634a2E4DA80005FEaBaa4d339856F3. These wallets were created around the time of the withdrawals, a pattern often associated with OTC deals or strategic accumulation by whales. This sudden movement could signal an intention to hold ETH rather than sell – typically viewed as a bullish indicator, especially with recent price increases and growing institutional interest. 4 newly created wallets withdrew $11.7 million in ETH from #OKX in the last 3 hours. Market watchers are intrigued by this activity, speculating on whether it’s indicative of long-term holding strategies or preparations for staking and DeFi applications.