Ethereum Whale Withdraws $17.46M in ETH from Binance, Increases Holdings to $215.5M
Onchain data shows a whale profited over $11M in 210 days from shorting ETH and currently holds a $28.75M leveraged short position, highlighting active high-risk strategies in Ethereum trading.
A cryptocurrency whale, previously noted for major ETH holdings and purchases, has made $11.04 million profit in 210 days primarily from shorting Ethereum. He now maintains a $28.75 million ETH short at $3,032 entry with 25x leverage, facing $87,210 in unrealized losses and a liquidation price of $3,503. This comes alongside earlier activity from another long-dormant whale who bought 7,318.56 ETH worth $22.07 million, adding to substantial holdings and prior withdrawals, underscoring ongoing high-stakes engagement by large holders in Ethereum markets.
- Whale: A term used in cryptocurrency to describe individuals or entities that hold large amounts of digital assets, often influencing market prices.
- ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contract operations.
- Leveraged Position: An investment strategy using borrowed funds to increase exposure, where 25x leverage means controlling a position twenty-five times the investor's own capital.