Whale steadily withdrew ETH and WBTC from Binance
According to ChainCatcher, citing on-chain analyst Ember, a whale address has been continuously withdrawing ETH from Binance since the 1st. The latest recorded move took place about four hours ago, when the same address withdrew 100 WBTC valued at approximately $6.24 million.
Over the last three days, the whale accumulated a total of 19,752 ETH, worth about $31.43 million, in addition to the 100 WBTC position. Based on the disclosed figures, this was not a single isolated transfer but a sustained accumulation pattern involving large amounts of capital moving off the exchange.
Position size, pricing, and unrealized profit
The report stated that ETH was trading at around $1,591 and BTC at around $62,390 at the time of observation. Based on Ember’s tracking, the whale’s ETH holdings were already showing an unrealized profit of roughly $3.3 million.
Price action during the same period was also notable. ETH rebounded by $200, while BTC rose by $4,000. This suggests that the whale’s accumulation took place before or during a sharp recovery phase in the market, allowing the ETH position to move into a meaningful paper gain in a relatively short time.
What the on-chain flow indicates
Large withdrawals from centralized exchanges are often closely watched as signals of position changes by major holders. In this case, the wallet accumulated both ETH and WBTC in size, reaching 19,752 ETH and 100 WBTC within only three days, reflecting a significant allocation into large-cap crypto assets.
So far, the publicly available information is limited to the transfer scale, asset values, and the current unrealized gain on ETH. No additional details were provided regarding whether the assets will be held, redeployed on-chain, staked, or moved again. The data cited in this report comes from on-chain monitoring by Ember and was published by ChainCatcher.