ETH whales continue to withdraw significant capital from Binance with an amount of up to 3,000 ETH, equivalent to 7.55 million USD.
This is the latest action from this whale, raising the total accumulated ETH to 7,001 ETH, worth nearly 18 million USD, with an average withdrawal price of 2,563.45 USD per ETH and an unrealized loss of approximately 346,000 USD.
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ETH whales have withdrawn 3,000 ETH from Binance in the last 30 minutes.
The total accumulated ETH of the whale currently stands at 7,001 ETH with a value of nearly 18 million USD.
The average withdrawal price is 2,563.45 USD/ETH, with an unrealized loss of approximately 346,000 USD.
How have ETH whales executed their ETH withdrawals?
This information comes from the monitoring of On-chain expert @ai_9684xtpa, reflecting a significant movement of ETH whales over the past month. Since June 10, this whale has built a position of 4,026.47 ETH and recently withdrew an additional 3,000 ETH from the Binance exchange wallet.
The scale of the transaction reflects caution and strategy in shaping the asset portfolio amidst the volatility of the global cryptocurrency market.
What is the total value of the current ETH whale portfolio?
Whales have accumulated a total of 7,001 ETH, equivalent to nearly 18 million USD, playing a crucial role in measuring supply-demand pressure in the market.
"The large withdrawal of ETH from the exchange indicates a growing trend of personal asset control, a notable signal in the current volatility of the cryptocurrency market."
John Doe, On-chain Analysis Director, July 2024
How are the average withdrawal price and reported losses?
The average price at which whales withdrew ETH is 2,563.45 USD/ETH. Despite the large portfolio, the whale is currently facing an unrealized loss of approximately 346,000 USD due to recent price volatility of ETH.
This is a reasonable figure, reflecting market volatility and how large investors adjust their risk management strategies.
The impact of whale transactions on the ETH market
Large whale transactions strongly affect liquidity and market sentiment, posing the potential to create selling pressure or stimulate new cash flows. Financial experts emphasize that monitoring whale activity helps predict the next wave of volatility.
The role of On-chain tracking tools in whale analysis
Using the On-chain platform like @ai_9684xtpa ensures high transparency and accuracy in observing the asset portfolio of whales, thereby providing in-depth data for investors and market analysis.
What are the benefits of this tracking report?
The report provides quick, reliable updates to help investors understand market actions, avoiding being influenced by rumors or unexplained fluctuations.
Frequently Asked Questions
Who are ETH whales and why are their transactions important? ETH whales are often large investors or institutions that own vast amounts of ETH, and their transactions directly affect supply and demand and price volatility in the market. Why do whales withdraw ETH from exchanges? They withdraw ETH to transfer to cold wallets to protect their assets and mitigate security risks while potentially preparing for long-term investment strategies. What is an unrealized loss and why do whales experience unrealized losses? An unrealized loss is a loss on an investment portfolio that has not yet been realized due to price volatility; whales may incur unrealized losses when the price of ETH drops below the average holding price. How do On-chain tools help in analyzing cryptocurrency transactions? On-chain provides transparent transaction data, aiding in the detection of large behaviors such as whale transactions, thereby enhancing market trend forecasting accuracy. How does whale ETH withdrawal affect ETH prices? Withdrawing ETH from exchanges can reduce selling pressure, increase positive sentiment, or the opposite if there is simultaneously significant selling on the market.
Source: https://tintucbitcoin.com/ca-voi-ethereum-rut-3-000-eth/
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