Bitget Wallet Balance Bounces Back After Initial Withdrawal Drop

A suspected Bitget hot wallet address saw its Ether (ETH) balance drop significantly after withdrawals opened on September 29. The address, identified as 0xED9...18771, initially held approximately 30,000 ETH before the withdrawals began.

Within half an hour, the balance fell to around 25,000 ETH due to sustained outflows. However, this was followed by inflows that lifted the balance slightly above its initial level.

The address's balance offers a limited view of withdrawal-related activity and does not establish Bitget's total Ether reserves.