26.5k ETH quietly withdrawn, are large funds changing tactics?

In the past 12 hours, on-chain monitoring shows:
Wallets associated with Cumberland have withdrawn from multiple exchanges
👉 26,500 ETH (about $59.52 million)
Such a level of action is often not impulsive:
Either to reduce selling pressure
Or to prepare for the next move
The key point is not "how much was withdrawn," but—
Why are funds moving at this specific time.
Many signals are not openly stated by the market, but the blockchain already makes it clear.
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