Is the big whale starting to liquidate? 20,000 ETH floods into Binance, a $40 million-level action ignites market speculation!

2 hours ago, a 'silent' whale suddenly took action, pouring in the 20,461 ETH redeemed from StakeStone and Blast over the past 5 months all at once into Binance!

At current rates, this transfer is worth up to $45.67 million, suspected to be a thorough liquidation operation!

The key point is —

Among them, 9,117 ETH are chips he acquired between August 2023 and February 2024 at an average price of $2,003,

If he has already offloaded, then he would have a paper profit of about $2.087 million, a perfect exit after harvesting.

But what’s even more concerning is:

Moves of this level by whales are often not random, especially during the critical period of ETH's stagnation and the ETF narrative battle,

Does this timing of entering Binance signify a short-term bearish outlook on on-chain yields? Or is it a deeper signal of capital outflow?

Key points to watch for ETH moving forward:

If there are consecutive deposit actions in the short term, be cautious of increased on-chain liquidity pressure.

If the price continues to drop uncontrollably, it may trigger other latent capital to flee simultaneously.

If it’s just a portfolio reallocation, what he buys next will be the main event.

In short, one whale turning back doesn't necessarily mean the bull is turning back.

The quieter the market, the more turbulent the undercurrents. Are you ready for the next script?

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