Wu said: Bitget reveals the flow of hot wallet addresses after the ETH withdrawal is enabled
2026-09-29 18:45:09
According to CoinMeta, as monitored by the on-chain analyst AI, after Bitget enabled withdrawals for ETH, addresses starting with 0xed9 were suspected to be hot wallets used for handling withdrawals of ETH. Before enabling withdrawals, the balance of this address was about 30,000 ETH. Subsequently, within about half an hour, the balance continued to drain, dropping to around 25,000 ETH. After that, there was a reflow of ETH, and currently the balance has risen back above 30,000, exceeding the level before withdrawals were enabled.
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