According to @EmberCN, Longling Capital transferred 21 million USDT into Binance and roughly 10 minutes later withdrew 5,000 ETH valued around $21.57 million to its wallet, indicating active ETH accumulation by the firm (source: @EmberCN; Arkham Intel). The withdrawal from Binance to the tagged Longling Capital address 0x34780C209D5C575cc1C1cEB57aF95D4d2a69ddCF constitutes a net outflow of 5,000 ETH from the exchange, confirming spot conversion of stablecoins into ETH by the entity (source: Arkham Intel). Traders can track the tagged wallet and Binance ETH netflows on Arkham Intel to monitor whether additional large buys occur, as further exchange outflows from the same entity would extend this accumulation pattern (source: Arkham Intel).