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Ethereum Whale Moves $9.03 Million in ETH to Binance, Keeps Leveraged Shorts Open

Ethereum Whale Moves $9.03 Million in ETH to Binance, Keeps Leveraged Shorts Open

According to Lookonchain, OnchainLens and Ai 姨, the whale sold ETH, bought back about 7,448 ETH, then deposited 3,811 ETH to Binance while keeping leveraged shorts open.

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HYPE

Fact Check
The core parts of the claim are mutually consistent across multiple source reports. BlockBeats flash 342651 says Lookonchain reported the whale sold 10,829 ETH and later bought back 7,448 ETH. BlockBeats flash 342653 says OnchainLens reported total deposits of 3,811 ETH to Binance and that the whale kept leveraged short positions open. Odaily’s report on Ai Yi independently matches the buyback amount at roughly 7,447.7 ETH. This supports the combined statement that the whale sold ETH, bought back about 7,448 ETH, then deposited 3,811 ETH to Binance while keeping leveraged shorts open. Confidence is only medium because the original X posts were not directly fetched in this run, and Arkham did not provide transaction-level evidence in the fetched page content.
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Summary

A large Ethereum holder sold 10,829 ETH for about $24.91 million at $2,300, then repurchased about 7,448 ETH for roughly $17.5 million at an average price reported between $2,350 and $2,353, leaving the address a net seller of about 3,381 ETH, according to Lookonchain and Ai 姨. Ai 姨 identified the wallet as 0x65B…5Ce93 and said the buyback totaled 7,447.7 ETH worth about $17.52 million over six hours, with an unrealized profit of nearly $24,000 at the time reported. On April 23, OnchainLens reported that the same tracked wallet deposited 3,811 ETH worth about $9.03 million to Binance, leaving only 0.5 ETH on-chain while maintaining 25x ETH and 40x BTC short positions on HyperLiquid. OnchainLens said the wallet’s total profit is about $33 million. The activity shows spot ETH repositioning alongside a continued bearish leveraged stance on Ethereum and Bitcoin.

Terms & Concepts
  • Whale: A crypto market participant or wallet holding or trading large amounts of cryptocurrency, whose activity is often watched for liquidity and market-sentiment signals.
  • Short position: A trade that seeks to profit from a price decline in an asset such as Bitcoin or Ethereum.
  • Leverage: Borrowed exposure that amplifies gains and losses; 25x or 40x means a trader controls a much larger position than their posted collateral.