Bitmine likely withdrew $82M ETH from FalconX, removing supply
$82M in ETH moved off FalconX. Arkham tied the fresh wallet’s pattern to Bitmine, but stopped short of confirmation.
A new wallet withdrew about $82M in Ethereum (ETH) from FalconX within the past hour, per Arkham Intelligence. ETH is holding near $2,150.
FalconX serves institutions. A withdrawal from an institutional venue signals self-custody, not immediate sale.
Arkham says the transaction route, sizing, and timing match Bitmine’s known acquisition style, led by Tom Lee. It is not a confirmed attribution, but the on-chain signature is similar according to its data. Bitmine has pursued an aggressive ETH accumulation and staking program visible on-chain, moving coins from prime brokers into custody and then staking them per Arkham.
Market setup:
- Range holds between $1,900 and $2,300 after February’s breakdown from $2,600–$2,800
- Price sits below the 50, 100, and 200-day MAs; layered resistance overhead
- Key levels: reclaim $2,300 to open $2,600; lose $2,100 risks a $1,900 retest
Headline: $82M ETH withdrawn from FalconX as Ethereum defends $2,150; Arkham flags Bitmine-like pattern
