Whale continues withdrawing assets from Binance
ChainCatcher reported, citing on-chain analyst Ember, that a whale has been continuously withdrawing ETH from Binance since the 1st. The most recent transaction was recorded four hours before the report, when the address withdrew another 100 WBTC, valued at approximately $6.24 million at the time. Based on the disclosed data, the whale’s recent activity has been characterized by sustained exchange outflows and concentrated accumulation, primarily focused on ETH and WBTC.
Three-day accumulation reached tens of millions of dollars
Over the last three days, the whale accumulated a total of 19,752 ETH, worth about $31.43 million, along with 100 WBTC worth roughly $6.24 million. At the time the data was published, ETH was quoted at $1,591 and BTC at $62,390. This places the address’s recently accumulated position at a scale of tens of millions of dollars. The reported transfer pattern also indicates a clear movement of assets from a centralized exchange to on-chain wallets.
ETH position shows $3.3 million unrealized gain
According to Ember’s monitoring, the whale’s ETH holdings were already showing an unrealized profit of around $3.3 million. Over the same period, ETH rebounded by about $200, while BTC rose by roughly $4,000. This means the whale’s accumulation took place during a short-term market rebound in both assets. Based strictly on the disclosed information, the key facts in this whale movement are the continued Binance withdrawals, the three-day accumulation of ETH and WBTC, and the sizable paper gain already recorded on the ETH position.