Whale keeps withdrawing from Binance
ChainCatcher reported, citing on-chain analyst Ember, that a whale has been continuously withdrawing ETH from Binance since the 1st. The latest tracked move occurred 4 hours ago, when the wallet withdrew another 100 WBTC, worth approximately $6.24 million at the time of monitoring. The sequence of transactions suggests a clear accumulation pattern, with assets being moved out of a centralized exchange and into whale-controlled wallets, while ETH remains the main focus of the position.
Accumulation reached 19,752 ETH in three days
Over the past three days, the whale accumulated a total of 19,752 ETH, with an estimated value of about $31.43 million, and also added 100 WBTC worth around $6.24 million. At the prices referenced in the monitoring update, ETH was trading at $1,591 and BTC at $62,390. Based on those figures, the whale deployed more than $37 million across the two assets within a short time frame, highlighting a sizable build-up in large-cap crypto holdings.
ETH position now shows a $3.3 million paper gain
Ember’s monitoring indicates that the whale’s ETH position is currently sitting on an unrealized profit of about $3.3 million. Over the same period, ETH rebounded by roughly $200, while BTC rose by around $4,000. This means the address has already benefited meaningfully from the recent market bounce, at least on paper. The original source of the report is ChainCatcher: https://www.chaincatcher.com/newsflash/2274885.