Since the beginning of October, over 400,000 ETH have flowed from the exchange into Cold Wallets.

Golden Finance reports that since the beginning of October, other large investors and institutions have been steadily increasing their holdings of Ethereum, with over 400,000 ETH flowing from exchanges into Cold Wallets. The exchange reserves have fallen to their lowest level in three years, indicating that large institutions are still holding long positions rather than engaging in short-term volatility trading. According to on-chain data, the institutional cumulative holdings of corporate bonds and Ethereum ETFs have now exceeded 12.8 million ETH, accounting for more than 10% of the total supply.