According to @OnchainDataNerd, 7 hours ago address 0xC46 deposited 400 ETH (≈$1.73M) to Binance, signaling fresh exchange inflow that traders track for potential sell-side activity, source: @OnchainDataNerd on X, https://twitter.com/OnchainDataNerd/status/1964260365291933981. The same address accumulated 3,347 ETH roughly a year ago at an average entry of $2,591 per ETH, establishing a profitable cost basis, source: @OnchainDataNerd on X, https://twitter.com/OnchainDataNerd/status/1964260365291933981. If the deposited 400 ETH were sold at the current quoted level, the realized profit would be about $693K with a 67% ROI versus the stated cost basis, source: @OnchainDataNerd on X, https://twitter.com/OnchainDataNerd/status/1964260365291933981. The wallet details and transfer history can be verified on Arkham Intelligence at intel.arkm.com, source: Arkham Intelligence, https://intel.arkm.com/explorer/address/0xC465F4846e8D9D7add866D3e95f32708d9cF7a0a. Historically, centralized exchange inflows are associated with higher short-term sell pressure, which traders monitor around ETH spot and derivatives levels, source: CryptoQuant Market Data Guide on exchange inflows, CryptoQuant.