Two Crypto Whales Withdraw Over 4,900 ETH and 4,576 BTC from Binance
Recent trades show one whale securing multimillion-dollar BTC short profits while another adds over $22M in ETH, reflecting diverse high-value strategies.
BTC
ETH
Summary
Within the last 24 hours, major cryptocurrency whales took mixed positions, including significant Bitcoin shorts and Ethereum acquisitions. One whale earned $11.29 million profit over 50 days from BTC trading, while an ancient Ethereum whale bought 7,318.56 ETH worth $22.07 million at $3,016.09 each. These moves add to prior large-scale activity, including an Ethereum whale’s $63.65 million purchase of 18,000 ETH after selling 30,000 ETH for a $35.37 million profit months earlier, with total holdings reaching 73,981 ETH valued at approximately $215.5 million.
Terms & Concepts
- Whale: An investor or entity that holds a large amount of cryptocurrency, often capable of influencing market trends through significant trades.
- Ethereum (ETH): A leading blockchain-based cryptocurrency known for its smart contract functionality and decentralized application ecosystem.
- Bitcoin (BTC): The first and most widely recognized cryptocurrency, operating on a decentralized blockchain network.