Ethereum Whale Deposits 3,000 ETH to Binance After 1.5-Month Hold, Incurs $6.92M Loss

COINOTAG News, reporting on November 16 based on data from Onchain Lens, tracks a whale transfer of 3,000 ETH to Binance after a roughly 1.5-month holding period, resulting in an unrealized loss of about $6.92 million. The same address previously withdrew 6,947 ETH (approximately $29 million) and currently retains 3,947 ETH valued at around $12.54 million.

This sequence signals shifting liquidity among large holders and prompts attention to how sizeable ETH transfers to centralized venues influence market depth and price discovery. With the wallet still exhibiting exposure, investors should monitor ongoing realized versus unrealized P&L and the potential implications for crypto markets volatility amid ongoing regulatory and macro drivers.