Whale Moves 3,850 ETH to Binance Amid $930,000 Loss: Insights into Recent ETH Accumulation

On November 4th, COINOTAG News reported an intriguing movement in the crypto market involving a significant player. According to insights from on-chain data analyst @ai_9684xtpa, a prominent **institutional address** (0xb99…cBcF5) has accumulated a total of **20,222 ETH** starting October 29th. Recently, this address executed a **transfer of 3,850 ETH** to Binance, which is valued at approximately **$9.3 million**. Notably, the average acquisition price of this whale’s Ethereum stake over the past week was around **$2,657**. It is essential to highlight that if this entire amount of ETH were to be liquidated at this juncture, it would lead to an estimated loss of **$930,000** for the investor. This development underscores the volatile nature of the crypto markets and the risks involved with such large-scale transactions.