Why Ethereum Whales Withdrawed 8,698 ETH From Binance???

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According to provider data on the Lookonchain chain, a significant balance of 8,698 ETH was withdrawn from BINANCE by one cryptocurrency address.

ETH holders transferred 31.8 million USDT to Binance and converted to ETH to withdraw 8,698 ETH worth $15.94 million. Both transactions create an imbalance that indicates the person has purchased other assets or engaged in other activities.

According to statistics, this person put 24,495 ETH (45 million USD) into Binance on November 2 when the price of ETH increased and profit taking took place.

Traded ETH 8 times since February 12, 7 of which were profitable, for a win rate of 87.5% and a total profit of 13 million USD.

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