ETH Whale’s $17.5M Move: A Rally on the Horizon?
According to those frightfully clever on-chain reports, a major Ethereum whale has withdrawn a whopping 6,989 ETH (worth a cool $17.5 million) from Binance over the past three weeks. And just recently, the same wallet removed 1,900 ETH, valued at nearly $4.86 million, from the exchange. This sort of large-scale withdrawal reduces exchange liquidity, and if demand surges while supply dips, it could lead to a supply shock—a classic recipe for a price rally, if I do say so myself 📈.