The post Whale Buys 23,501 ETH, Transfers $40M USDT to Binance appeared on BitcoinEthereumNews.com.

Key Points: The “1011 Insider Whale” acquired 23,501 ETH, impacting market dynamics. Ethereum trades at $3,574.03 amid high on-chain activity. Major transfers of stablecoins signal potential market shifts. A whale address reportedly involved in massive Ethereum trading has recently acquired 23,501 ETH, valued at approximately $82.63 million, and borrowed 40 million USDT, transferring it to Binance. Such significant activity hints at potential market shifts, impacting Ethereum’s market sentiment and possibly influencing Ether’s volatility as further transactions unfold on major exchanges. Whale Activity Signals Major Market Volatility The whale, known for high-leverage activities, expanded its existing holdings by acquiring 23,501 ETH as market prices showed a slight dip. The transfer of $40 million USDT to Binance suggests preparations for additional market engagement. This aligns with previously observed trading patterns where large transfers precede substantial shifts in market positions. Market dynamics immediately reflected increased volatility with spikes in trading volume. These actions have not only affected ETH pricing but also indicate potential market strategies by large stakeholders. The influx of ETH and stablecoins into exchanges like Binance often foretells significant market shifts, impacting traders’ decisions. Reactions from industry insiders are mixed with no official comments yet from major firms or project developers. However, on-chain analysts continue to monitor the whale’s activities closely. “With Ethereum’s return to $3,500, the ‘1011 Insider Whale’ turned their $140 million Ethereum long position from a loss to a profit, currently floating at a profit of $3.2 million.” – Ai Auntie, On-chain Analyst, Twitter/X. This summarizes broader community sentiments and market expectations. Ethereum Whale Trades and Historical Patterns Did you know? Historically, the “1011 Insider Whale” has repeatedly influenced Ethereum market cycles, notably shifting positions during market lows, which often precedes subsequent price recovery phases. Ethereum (ETH) currently trades at $3,574.03, with a market cap of $431.37 billion,…

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Filed under: News - @ November 10, 2025 9:30 pm