Amber Group, Metalpha Accumulate Ethereum, Withdraws 9,000 ETH from Binance

Two major crypto-focused financial firms, Amber Group and Metalpha, have moved a combined 9,000 Ethereum (ETH) off Binance in a series of large withdrawals that quickly caught the attention of on-chain analysts and traders. The transactions, valued at over $28 million at current market prices, occur amid renewed institutional interest in Ethereum amid broader market volatility.

Amber Group And Metalpha Make Major Withdrawal From Binance 

Blockchain data from Lookonchain indicates that wallets associated with the Amber Group and Metalpha have withdrawn 9,000 ETH from Binance within a short timeframe. The on-chain sleuth revealed this information in an X post on December 8, 2025.

It seems that institutions are accumulating $ETH.

Amber Group withdrew 6,000 $ETH($18.8M) from #Binance 2 hours ago.

Metalpha withdrew 3,000 $ETH($9.4M) from #Binance 3 hours ago.https://t.co/PjbhI5RmGxhttps://t.co/a3hmCdFPG8 pic.twitter.com/cJWC98ypsT

— Lookonchain (@lookonchain) December 8, 2025

 Amber Group moved the largest chunk, withdrawing 6000 ETH worth $18.8 million in a single transaction. Metalpha, on the other hand, withdrew 3000 ETH worth $9.4 million in a single transaction, bringing the combined token withdrawal by both firms from the Binance exchange to 9000. 

Historically, large ETH withdrawals from centralized exchanges have often reduced the available supply, and some market participants view this as a bullish signal. Furthermore, Amber Groups and Metalpha are firms recognized for actively managing large crypto portfolios, and their latest Ethereum withdrawals contribute to a growing trend of institutional entities moving assets into self-custody or alternative yield-generating strategies.

Amber Group and Metalpha Moves ETH Amidst ETF Outflows

Meanwhile, in other news, the massive ETH withdrawals from Amber Group and Metalpha coincide with the continued outflows from spot Ethereum ETFs. According to SoSoValue data, spot Ethereum ETFs have recorded a total weekly outflow of $65 million, with BlackRock’s Ethereum ETF products experiencing the largest decline. BlackRock’s ETHA posted $55 million in weekly outflows, followed by Grayscale ETHE at $53.17 million in outflows. 

What It Could Mean for Ethereum

Recently, Ethereum has seen increased activity around staking, layer-2 adoption, and institutional interest following improvements to network efficiency and scalability. Thus, if the withdrawn ETH is intended for staking, it could further tighten the circulating supply and support price stability. 

Furthermore, the transaction occurs at a time when several analysts are predicting a surge to $5,000 for ETH. One such analyst is Clifton FX, who, in an X post, revealed that Ethereum has broken out of a falling wedge pattern and is expected to move to the $5,000 region.

Another market expert calling for a surge to $5,000 for ETH is Bitmine CEO Tom Lee, who continues to buy ETH in large quantities with the goal of owning 5% of the token’s supply.