Onchain Data Shows Whale Transfers 12,000 ETH from Binance and Holds Over $269 Million Worth of Ethereum
A whale’s latest 20,000 ETH long positions boost total holdings to over 223,000 ETH worth $736 million, reflecting aggressive leveraged accumulation in the Ethereum market.
BTC
ETH
AAVE
Summary
On January 17, a prominent whale added 20,000 ETH long positions, raising total holdings to approximately 223,340 ETH valued at $736 million, with an unrealized profit of $40.93 million. This follows previous large-scale conversions of BTC to ETH and substantial withdrawals from Binance, as well as significant leveraged positions via Aave. The whale’s activity underscores its ongoing aggressive accumulation strategy impacting Ethereum markets.
Terms & Concepts
- Onchain analysis: Blockchain data examination to track and verify cryptocurrency transactions directly from the public ledger.
- ETH (Ethereum): A cryptocurrency used to pay transaction fees and computational services on the Ethereum blockchain.
- Leverage: The use of borrowed capital to increase the potential return of an investment, which also increases the potential risk.