A major cryptocurrency whale has shifted its strategy by withdrawing 57,700 ETH from Binance, valued at approximately $162 million. This move comes after the whale sold 70,000 ETH five days ago at an average price of $3,188, securing a profit of $24.48 million from short selling. The whale has now turned to long positions, purchasing ETH at an average price of $2,820. Currently, the whale holds 432,000 ETH, worth about $1.24 billion, with an average holding price of $3,332, resulting in a floating loss of around $200 million.
Whale Withdraws 57,700 ETH from Binance After Recent Loss
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