Whale Withdraws 10,000 ETH from Binance After $33.67 Million Profit

COINOTAG reported on January 13th that a notable investor, dubbed the “Whale Who Bought Low and Sold High,” has successfully withdrawn 10,000 ETH from Binance, translating to approximately $30.76 million. This transaction occurred just two minutes prior to the announcement and reflects an average purchase price of $3,075.57 per ETH. Notably, this strategic movement solidifies their position as they now retain a significant portfolio of 55,166.12 ETH, currently valued at about $169 million. Such activities underscore the ongoing volatility within the cryptocurrency market and highlight the critical role that institutional investors play in price dynamics and liquidity. Financial analysts will continue to monitor this entity’s trading patterns as they provide insights into larger market trends and potential shifts in investor sentiment.