Lookonchain reported two sets of Ethereum transfers to major centralized exchanges: wallets linked to Galaxy Digital moved 45,000 ETH worth about $104 million to Binance, Bybit, and OKX over roughly 15 hours, while wallets marked as associated with Genesis Trading transferred 1,482 ETH valued at about $3.38 million to Binance, OKX, and Bybit. Such exchange deposits are closely watched because they can signal repositioning, liquidity management, custody changes, or potential sales, although the reported on-chain data alone does not confirm intent.