Whale Sells 5000 ETH at a $6.62 Million Loss on Binance After Recent Deribit Withdrawal

ETH

ETH/USDT

$2,127.12

+4.51%

$2,127.12

+4.51%

(24s)

24h Volume

$39,049,302,904.94

24h H/L

$2,145.26 / $2,009.54

Change: $135.72 (6.75%)

Long/Short

69.8%

Long: 69.8%Short: 30.2%

Funding Rate

-0.0018%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,121.96

▲ 1.67%

Volume (24h): -

Resistance Levels

Resistance 3$2,577.98

Resistance 2$2,403.28

Resistance 1$2,234.29

Price$2,121.96

Support 1$1,994.75

Support 2$1,826.83

Support 3$1,157.44

Pivot (PP):$2,110.44

Trend:Downtrend

RSI (14):32.9

On March 13, data from OnChain Lens revealed a significant transaction involving a notable whale address that deposited 5000 ETH, valued at approximately $9.46 million, into Binance. This transfer was executed at a loss, and the address now faces an unrealized loss totaling $6.62 million after retaining the assets for a period of 15 days. Prior to this, the same whale address had withdrawn 10,000 ETH, equating to around $25.6 million from Deribit just two weeks ago. Remarkably, the address maintains a holding of 5000 ETH after these transactions, indicating a strategic approach in their investment decisions amid shifting market conditions.