Ethereum (ETH) Withdrawal of 20,021 ETH ($78.15M) From Binance to Repay Aave Loan

COINOTAG News reported on November 3 that an on‑chain wallet, address 0xe5c…b4e4c, withdrew 20,021 ETH from Binance in a transfer detected by AI Auntie Monitoring. The event highlights a sizable ETH withdrawal and the continued movement of assets between centralized venues and on‑chain protocols. Market observers will watch whether this flow reflects liquidity management or collateral actions across venues.

According to the same report, the address previously collateralized 200 million USDC to borrow 22,020.09 WETH on October 20, when ETH traded near $4,032.24. The latest withdrawal references an ETH price of $3,903.53, aligning the movement with current price dynamics in the spot market.

The chronology—USDC collateralization, a WETH loan drawdown, and a large ETH withdrawal—illustrates ongoing risk management and collateral rotation within on‑chain liquidity channels, with no explicit motive confirmed by officials. The development adds to the broader narrative of cross‑exchange activity amid a volatile cryptocurrency environment.