Wang Chun: Moves 9,937 ETH to Spark From Binance

Wang Chun, co-founder of Fish Pool, pulled 9,937 ETH worth $15.5 million plus 147.5 WBTC worth $8.7 million from Binance in the last six hours and routed the funds into Spark.

Since early June when BTC fell below $60,000 and ETH below $1,700, the address has accumulated 65,700 ETH ($111 million) and 966 WBTC ($60.29 million) at average prices near current levels of $62,400 for BTC and $1,660 for ETH, with all WBTC and half the ETH now in Spark and the remainder staked on Ethereum. ETH whale movements like this often coincide with tests of key Bitcoin support levels and refined crypto accumulation strategy by large holders.

Price action on the 4h chart shows ETH at $1,554.34 inside the Bollinger Bands with the lower support at $1,531.79 and upper resistance at $1,715.97; the EMA50 at $1,666.37 and EMA200 at $1,824.33 continue to cap upside while the MACD death cross at -38.07 and RSI at 34.45 keep momentum bearish, suggesting any relief rally will likely stall at the 50-EMA before retesting the lower band.