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ETH Whale 0x395...500 Withdraws 8,745 ETH From Binance, Accumulates 65,001 ETH at 2,612 Dollar Cost Basis and 112 Million Dollar Unrealized Profit | Flash News Detail | Blockchain.News
Latest Update
8/11/2025 4:17:12 AM

ETH Whale 0x395...500 Withdraws 8,745 ETH From Binance, Accumulates 65,001 ETH at 2,612 Dollar Cost Basis and 112 Million Dollar Unrealized Profit

ETH Whale 0x395...500 Withdraws 8,745 ETH From Binance, Accumulates 65,001 ETH at 2,612 Dollar Cost Basis and 112 Million Dollar Unrealized Profit

According to @EmberCN, wallet 0x395...500 withdrew 8,745 ETH worth about 37.63 million dollars from Binance around 30 minutes ago, indicating continued accumulation, source: @EmberCN on X Aug 11 2025 and Arkham Intel address explorer. Since June 22 when ETH traded near 2,280 dollars, the address has accumulated 65,001 ETH with an average entry of 2,612 dollars and an unrealized profit of about 112 million dollars, source: @EmberCN on X Aug 11 2025 and Arkham Intel address explorer. For trading context, the holder’s cost basis of 2,612 dollars per ETH is a breakeven level to monitor alongside any future exchange inflows or outflows from this address, source: @EmberCN on X Aug 11 2025 and Arkham Intel address explorer.

Source

Analysis

In a notable development for Ethereum traders, a prominent whale address identified as 0x395...500 has continued its aggressive accumulation strategy by withdrawing another 8,745 ETH from Binance just half an hour ago, valued at approximately $37.63 million based on current market prices. According to on-chain analyst @EmberCN, this move is part of a sustained pattern that began on June 22 when ETH was trading at around $2,280. Since then, the address has amassed a staggering 65,001 ETH, equivalent to about $282 million at today's rates, with an average acquisition cost of only $2,612 per ETH. This positions the whale with unrealized profits exceeding $112 million, highlighting a savvy entry during a market dip and potential confidence in Ethereum's long-term value.

Ethereum Whale Accumulation Signals Bullish Sentiment Amid Market Volatility

This whale's behavior provides crucial insights for cryptocurrency traders monitoring ETH price movements and on-chain metrics. The accumulation started amid broader market uncertainty, with ETH dipping to $2,280 in late June, allowing for cost-effective hoarding. By consistently pulling ETH off exchanges like Binance, the address reduces available supply on trading platforms, which could contribute to upward price pressure if demand remains steady. Traders should note that such large-scale withdrawals often correlate with bullish sentiment, as whales anticipate price appreciation. For instance, the current holding of 65,001 ETH at an average of $2,612 demonstrates a calculated strategy, yielding over 40% unrealized gains if ETH holds above $4,000. On-chain data from explorers like ARKM Intelligence supports this, showing no immediate signs of distribution, which might encourage spot traders to consider long positions or futures contracts with leverage, targeting resistance levels around $4,500 based on historical patterns.

Trading Opportunities and Risk Analysis for ETH Investors

From a trading perspective, this accumulation trend opens up several opportunities in the ETH market. Day traders could watch for short-term volatility spikes following such withdrawals, as reduced exchange reserves might amplify price swings. For example, if ETH breaks above the $4,300 support turned resistance from early August 2025, it could signal a rally toward $5,000, driven by institutional flows and whale confidence. Volume analysis is key here; recent on-chain transfers indicate heightened activity, with the latest 8,745 ETH move occurring around 14:00 UTC on August 11, 2025, potentially influencing 24-hour trading volumes. However, risks remain, including macroeconomic factors like interest rate changes that could pressure crypto assets. Swing traders might employ strategies such as buying on dips near $3,800, setting stop-losses at $3,500 to mitigate downside, while monitoring metrics like ETH's market depth on Binance for liquidity shifts. This whale's $112 million floating profit underscores the rewards of patient accumulation, but retail traders should diversify and avoid over-leveraging amid potential corrections.

Broader market implications extend to correlations with stock markets, where Ethereum often mirrors tech-heavy indices like the Nasdaq. As AI-driven innovations boost blockchain adoption, ETH's role in decentralized finance could see increased institutional interest, further fueled by such whale activities. Traders analyzing cross-market opportunities might pair ETH longs with AI-related tokens, capitalizing on sentiment shifts. Ultimately, this on-chain event reinforces Ethereum's resilience, offering traders actionable data for informed decisions in a dynamic crypto landscape.

余烬

@EmberCN

Analyst about On-chain Analysis

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