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

ETH

ETH/USDT

$2,396.63

+0.97%

$2,396.63

+0.97%

(24s)

24h Volume

$11,829,024,931.55

24h H/L

$2,419.72 / $2,356.41

Change: $63.31 (2.69%)

Long/Short

62.3%

Long: 62.3%Short: 37.7%

Funding Rate

+0.0052%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,392.61

▲ 0.03%

Volume (24h): -

Resistance Levels

Resistance 3$2,855.08

Resistance 2$2,566.53

Resistance 1$2,463.25

Price$2,392.61

Support 1$2,339.51

Support 2$2,252.80

Support 3$2,178.30

Pivot (PP):$2,392.44

Trend:Uptrend

RSI (14):61.3

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 Prior to this, the same whale address had withdrawn 10,000 ETH, equating to around $25.6 million from Deribit just two weeks ago.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.