ETH Whale Who Once Shorted 66,000 ETH Transfers 30,549 ETH from Binance, Now Holds 385,713 ETH Worth $1.3B

According to Onchain Lens data tracked by COINOTAG News, the whale who once shorted 66,000 ETH has relocated 30,549 ETH from Binance, a transaction valued at roughly $1.054 billion. The address now holds a total of 385,713 ETH, representing about $1.30 billion in current market value. This move highlights persistent large-position activity in the crypto space and ongoing liquidity shifts among major venues.

With this on-chain repositioning, analysts note that the concentration of substantial holdings continues to influence risk and capital flows within the Ethereum ecosystem. Market participants will watch for further signals on whether these funds redeploy into staking, DeFi protocols, or alternative custody arrangements. Such reallocation patterns can inform near-term price action and intraday volatility across the broader cryptocurrency market.