Recent withdrawals and accumulation activity
According to ChainCatcher, citing on-chain analyst Ember, a whale has been continuously withdrawing ETH from Binance since the 1st. The latest reported transfer took place around four hours ago, when the wallet withdrew another 100 WBTC from Binance, valued at approximately $6.24 million at the time of reporting.
Over the past three days, the same whale accumulated a total of 19,752 ETH, worth about $31.43 million, in addition to 100 WBTC worth around $6.24 million. The reference prices cited in the report were $1,591 for ETH and $62,390 for BTC.
Price rebound and unrealized gains
During the whale’s accumulation window, ETH rebounded by roughly $200, while BTC rose by about $4,000. Based on the disclosed figures, the whale’s ETH holdings are currently sitting on an unrealized profit of approximately $3.3 million.
From an on-chain flow perspective, repeated withdrawals of ETH and WBTC from a centralized exchange indicate that the assets were moved off-platform into a wallet under direct control. In this case, the publicly available information is limited to the scale of accumulation, the timing of the transfers, and the current unrealized profit on the ETH position. No additional details were provided regarding subsequent transfers, staking activity, or any further portfolio rotation.