Onchain Lens reported several large on-chain ETH transfers on May 6, showing both exchange inflows and outflows. The largest move was a deposit of 166,023 ETH worth about $395 million to Binance, after which the wallet still held 381,695 ETH valued at roughly $907 million. In a separate transaction, another wallet redeemed 14,062 ETH from Ether.fi and then deposited the ETH to Binance, with the transfer valued at about $32.82 million. Also on May 6, wallet "0x0a8" withdrew 9,288 ETH from Bybit worth about $21.94 million, raising its holdings to 27,098 ETH valued at about $64 million. These transactions are closely watched because exchange deposits can signal trading, rebalancing, liquidity management, or possible sales, while exchange withdrawals can indicate accumulation or a move to self-custody, though the transfers alone do not confirm intent.