Major ETH Whale Books More Than $72M Profit in a Week
AI Market Summary
On-chain data indicate a large whale/institution has transferred 112,053 ETH (~$300M) to Bitfinex over the past week, consistent with profit-taking. The entity reportedly accumulated in 2023 near $2,026 and is now selling around $2,676, realizing ~$72.8M profit. Concentrated exchange inflows typically raise near-term sell-side liquidity and can weigh on ETH spot and derivatives positioning.
Impact level
● Medium
Affected assets
ETH/USDT+0.17%
AI Insight · ETH/USDTAI Insight
▼ Bearish
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Onchain analyst Ember (@EmberCN) reported that a large whale or institutional account transferred another 30,825 ETH to Bitfinex about nine hours ago to take profits. Over the past week, the address has sent a total of 112,053 ETH to the exchange, worth roughly $300 million.
The wallet originally withdrew 130,592 ETH from Bitfinex in 2023—about $264 million at the time—at an average cost of $2,026 per ETH. It is now selling at an average price of $2,676, bringing total realized profit to about $72.83 million.
