#TradingMistakes101 Paus Warning: 10,200 ETH (28.54M) Withdrawn from Binance by Related Wallet Cumberland* 🚨
About 30 minutes ago, a wallet associated with *Cumberland*, a leading institutional crypto trading firm, withdrew *10,200 ETH*—worth approximately *28.54 million*—from Binance. This move follows a *30 million USDC* deposit made to Binance by the same wallet around 20 hours earlier, indicating a strategic accumulation of Ethereum.
Significant withdrawals like this by institutional players often signal a bullish outlook on Ethereum, as moving assets off exchanges can indicate an intention to hold rather than sell. This activity aligns with recent trends where Cumberland has been actively accumulating ETH across various major platforms.
*Current ETH Price:* 2,779.91
*24-hour Change:* +104.26 (+3.90)
*Intraday High:* 2,821.29
*Intraday Low:* $2,675.65
Watch the market, as institutional movements like this can influence price dynamics and signal broader market sentiment. 📊🐋