On-chain analyst monitoring cited by ChainCatcher shows that a whale that withdrew 17,675 ETH from Binance on June 25 at an average price of $1,617 may be taking profit for the first time. The earlier withdrawal was valued at $28.58 million. Four minutes before the report, the same whale deposited 3,000 ETH back to Binance, worth about $5.8 million at a deposit price of $1,933.91. If the ETH is sold, the trade would lock in an estimated profit of roughly $950,000. The observation points to a possible first partial profit-taking move after the whale accumulated ETH through the June 25 withdrawal from the exchange.
ChainCatcher reported, citing on-chain analyst monitoring, that a whale that withdrew 17,675 ETH from Binance on June 25 at an average price of $1,617 may be taking profit for the first time.
Four minutes before the report, the whale deposited 3,000 ETH to Binance. At a deposit price of $1,933.91, the transfer was worth about $5.8 million. If sold, the position would generate an estimated profit of about $950,000.
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