On-Chain Monitor: New Address Withdraws 17,675 ETH from Binance, Floating Profit of $667,000

News Editor

2026-06-25 11:01:37

According to on-chain analyst Ai Yi, a new address (0xA70…37287) withdrew 17,675 ETH from Binance three hours ago at a withdrawal price of approximately $1,617. The address has since realized a floating profit of $667,000, or about $37.7 per ETH. This whale-level movement highlights the importance of on-chain data for tracking large fund flows.

whaleETHBinanceon-chain analysisaddress monitoringEthereumfloating profit

Event Recap: Large Withdrawal by New Address

On-chain analyst Ai Yi detected that a brand-new address 0xA70…37287 withdrew 17,675 Ethereum (ETH) from the Binance exchange three hours ago. The withdrawal price was $1,617 per ETH, with a total value of approximately $28.6 million. The address had no prior transaction history, a typical pattern for whale wallet setup.

Profit Analysis: Current Floating Position

Based on the difference between the withdrawal price and the current market price, the address shows a floating profit of $667,000. This equates to an average gain of about $37.7 per ETH, implying the current ETH price is roughly $1,654.7. Large withdrawals from exchanges often suggest long-term holding or transfer to decentralized wallets, though the exact intent remains unclear.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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