Whale continues withdrawing assets from Binance
According to ChainCatcher, citing on-chain analyst Ember, a whale address has been continuously withdrawing ETH from Binance since the 1st. About four hours before the report, the same address made another notable move by withdrawing 100 WBTC, valued at approximately $6.24 million at the time. The transfer pattern suggests a concentrated accumulation phase over a short period, with assets moving off the exchange and into whale-controlled wallets.
Accumulation size over the last three days
Over the past three days, the whale reportedly accumulated a total of 19,752 ETH, worth around $31.43 million, in addition to 100 WBTC worth about $6.24 million. Based on the pricing snapshot provided in the report, ETH was trading at $1,591 and BTC at $62,390. These figures indicate that the address built a sizable position in both major crypto assets within a compressed time window.
Rebound in ETH and BTC boosted unrealized gains
During the same period, market prices recovered, with ETH rebounding by about $200 and BTC by around $4,000. As a result, the whale's ETH holdings were already showing an unrealized profit of roughly $3.3 million at the time of monitoring. The report specifically highlighted the ETH profit figure, while also noting the synchronized rebound in BTC alongside the new WBTC withdrawal.
All data referenced above comes from the on-chain monitoring cited by ChainCatcher. Source: https://www.chaincatcher.com/newsflash/2274885