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A significant ETH movement just hit the radar: 28,000 Ethereum (valued at roughly $85.4 million) just shifted from Arbitrum to a major exchange wallet. This kind of whale activity often signals potential market momentum—whether it's preparation for a liquidation event, profit-taking, or accumulation play. With Arbitrum's growing adoption in the L2 ecosystem, large ETH withdrawals like this warrant close attention. Traders and analysts are keeping tabs on similar on-chain movements, as institutional-scale transfers frequently precede notable price actions. The scale of this transaction underscores the continued significance of cross-chain liquidity flows in today's market dynamics.