Whale Moves 42,000 ETH Worth $112M to Galaxy Digital to Sell

This is a notable rotation rather than a directional signal: the same whale built the position through OTC trades with Galaxy Digital and is now routing it back through the same counterparty, suggesting a bilateral unwind rather than panic selling into spot books. Galaxy Digital's role as both accumulator and exit venue matters, since OTC desks can absorb size without immediately hitting exchange order books. The open question is whether other large holders that accumulated through similar OTC channels follow, and how much of this supply Galaxy places into the market versus its own inventory.