Whales withdraw large ETH holdings from Binance and Bybit amid accumulation signs

On-chain analysts reported several large Ether withdrawals from Binance and Bybit, including 10,000 ETH worth $18.81 million from Bybit by a wallet beginning with 0xfC2c and 2,101 ETH worth about $3.95 million from Binance by a newly created wallet beginning with 0x49D9, for a combined 12,101 ETH worth roughly $22.76 million. Separate reporting also flagged a 10,444 ETH withdrawal from Binance and said the same wallet had withdrawn 30,244 ETH worth $57.8 million from Binance over the prior week. Lookonchain said it has recently observed multiple whale wallets accumulating Ethereum, while Odaily, citing on-chain analyst Ai Yi, reported one Binance-linked investor had accumulated 59,400 ETH and 820 WBTC since July and later withdrew another 120 WBTC. Such exchange outflows are often watched as possible signs of self-custody or longer-term holding, though wallet ownership and investor intent were not confirmed.