Ethereum (ETH) Sell-Off Signal: Address Moves 1880 ETH to CEX and Withdraws 2779.8 ETH from Binance, Raising Average Cost by $90

According to on-chain analyst Ai Auntie (@ai_9684xtpa), the address 0xDDf…b8CE5, linked to another wallet, deposited 1,880 ETH into a centralized exchange about two days prior at roughly $3,117.65 per ETH, a move the analyst flags as a potential sell-off signal. The assessment, reported by COINOTAG News on December 11, underscores a liquidity migration rather than new market taking.

Four hours later, the same address withdrew 2,779.8 ETH from Binance at approximately $3,208.02 per ETH, valuing the withdrawal at about $8.91 million. Across the two transactions, the position’s average cost basis rose by roughly $90 per ETH, signaling a reassessment of the investor’s exposure rather than fresh accumulation.