The post Whale Moves 20,000 ETH to Binance: $63.4 Million Withdrawal Sparks Market Interest appeared on BitcoinEthereumNews.com.

In a significant move within the cryptocurrency market, a notable whale, identified by the wallet address 0xbec, has executed a large-scale transaction involving 20,000 ETH from the platform Ether.fi to Binance, representing a value of approximately $63.4 million. This transaction, observed on November 19th, underscores the ongoing trend of substantial withdrawals as this entity has pulled a total of 63,102 ETH from various exchanges over the past ten months. Remarkably, these withdrawals have taken place at an average price of $2,993 per ETH. Notably, in the past three months, this whale has been consistently offloading from multiple large liquidity reserves, indicating strategic positioning. Currently, the total deposit to Binance from this wallet stands at 44,083 ETH, which if liquidated, could generate a profit of $6.27 million. Source: https://en.coinotag.com/breakingnews/whale-moves-20000-eth-to-binance-63-4-million-withdrawal-sparks-market-interest/

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Filed under: News - @ November 19, 2024 3:24 am