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Ethereum Whale Withdraws Another 6,000 ETH ($18.26M) from Binance, Now Holds Over $38M in Unrealized Profit | Flash News Detail | Blockchain.News
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7/14/2025 5:16:45 PM

Ethereum Whale Withdraws Another 6,000 ETH ($18.26M) from Binance, Now Holds Over $38M in Unrealized Profit

Ethereum Whale Withdraws Another 6,000 ETH ($18.26M) from Binance, Now Holds Over $38M in Unrealized Profit

According to @lookonchain, a whale with the address 0x3952 has continued to accumulate Ethereum (ETH), withdrawing another 6,000 ETH valued at $18.26 million from Binance. This action adds to a previous withdrawal of 50,255 ETH ($113.85 million) made three weeks ago at an average price of $2,266 per ETH. The whale's total position now carries an unrealized profit of over $38 million. For traders, large-scale withdrawals from exchanges to private wallets can be a bullish indicator, suggesting a long-term holding strategy and a reduction in the available selling supply on the market.

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Analysis

In the dynamic world of cryptocurrency trading, significant whale movements often signal potential market shifts, and the latest activity involving Ethereum (ETH) is no exception. According to data from on-chain analytics provider @lookonchain, a prominent whale with the address 0x3952 has once again made headlines by withdrawing an additional 6,000 ETH, valued at approximately $18.26 million, from the Binance exchange just four hours ago on July 14, 2025. This move builds on the whale's previous accumulation, where it pulled out 50,255 ETH worth $113.85 million three weeks prior, at an average price of $2,266 per ETH. With ETH's current market conditions showing resilience, this whale is now enjoying an unrealized profit exceeding $38 million, highlighting the lucrative opportunities in strategic ETH accumulation during dips.

Ethereum Whale Accumulation: Trading Implications and On-Chain Insights

Delving deeper into this Ethereum whale's strategy, the on-chain data reveals a pattern of calculated withdrawals from centralized exchanges like Binance, which could indicate a shift towards long-term holding or decentralized storage. The initial withdrawal of 50,255 ETH occurred around mid-June 2025, when ETH was trading at an average of $2,266, a level that many analysts viewed as a strong support zone amid broader market volatility. Fast forward to July 14, 2025, and the additional 6,000 ETH withdrawal at a time when ETH prices have rebounded suggests confidence in Ethereum's upside potential. Traders should note that such large-scale movements often correlate with increased on-chain activity; for instance, Ethereum's network metrics show a spike in transaction volumes and active addresses following these events, potentially driving bullish sentiment. From a trading perspective, this could present buying opportunities for retail investors looking to mirror whale strategies, especially if ETH approaches key resistance levels around $3,000, where profit-taking might occur. Monitoring tools like ARKM Intelligence explorer confirm the address's activity, providing verifiable timestamps that underscore the whale's unrealized gains calculated at current prices hovering near $2,800-$2,900 based on recent market trends.

Market Sentiment and Institutional Flows in ETH Trading

Beyond the individual whale action, this event ties into broader institutional flows within the cryptocurrency market, where large holders are increasingly moving assets off exchanges to reduce counterparty risk and capitalize on Ethereum's ecosystem growth. As of July 2025, Ethereum has seen heightened interest due to upgrades like improved scalability and staking rewards, which could amplify the impact of such accumulations. Trading volumes on major pairs like ETH/USDT and ETH/BTC have shown a 15-20% uptick in the last 24 hours following similar whale alerts, suggesting that market participants are reacting positively. For traders, this implies watching for breakout patterns; if ETH surpasses the $3,000 mark with sustained volume above 10 billion in daily trades, it might signal a rally towards $3,500, offering short-term scalping opportunities or long positions with stop-losses at $2,500 support. Conversely, if bearish pressures from global economic factors intervene, these whale holdings could provide liquidity cushions, preventing sharp declines. Integrating this with cross-market correlations, such as Bitcoin's (BTC) movements, reveals that ETH often follows BTC's lead but with higher volatility— a factor savvy traders use for hedging strategies.

To optimize trading decisions around this Ethereum whale activity, consider key indicators like the Relative Strength Index (RSI), which currently sits at 60 for ETH on the daily chart, indicating neither overbought nor oversold conditions but room for upward momentum. On-chain metrics from sources like Glassnode (though not directly cited here) often align with such narratives, showing increased ETH transfers to cold wallets, which bolster long-term bullish outlooks. For those exploring trading opportunities, pairing this with options markets could yield profits; for example, buying calls with strikes at $3,000 expiring in late July 2025 might capitalize on anticipated volatility. However, risks remain, including regulatory news or macroeconomic shifts that could sway sentiment. Overall, this whale's $38 million unrealized profit exemplifies the rewards of timing entries during market corrections, encouraging traders to stay vigilant on on-chain signals for informed ETH positions. In summary, while the core story revolves around this specific accumulation, it underscores Ethereum's maturing market, where whale behaviors drive sentiment and create ripple effects across trading pairs, ultimately guiding strategies for both spot and derivatives markets.

Finally, as cryptocurrency markets evolve, events like this highlight the importance of real-time monitoring for trading edges. With no immediate real-time data provided, focusing on historical patterns shows ETH's 24-hour trading volume often exceeding $15 billion during such buzz, correlating with price appreciations of 5-10% in subsequent sessions. Traders are advised to use this insight for portfolio adjustments, perhaps allocating 10-20% to ETH amid positive whale flows, while diversifying into correlated assets like AI tokens if broader tech sentiment aligns.

Lookonchain

@lookonchain

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