Large institutional crypto transfers have placed both Ethereum and Bitcoin flows under scrutiny. An unnamed entity sent 52,739 ETH, worth approximately $129 million, to six centralized exchanges including Binance and OKX since yesterday, after accumulating the tokens in two wallets over the past two days. The same addresses hold 101,561 ETH valued at about $249 million. The tokens were withdrawn from Coinbase in 2021 and 2022 at an average cost of $1,700, deposited for staking in 2023 and removed from staking positions in January of last year. Cumberland moved in the opposite direction, withdrawing 15,390 ETH worth approximately $37.66 million from Binance into external custody wallets. Separately, Metaplanet transferred about 2,400 BTC valued at $186 million to Coinbase Prime, its largest single Bitcoin transfer, bringing its weekly transfers to roughly 7,200 BTC worth about $720 million, or 17% of its approximately 43,000 BTC reserves.