Bitcoin OG shifts 261,024 ETH worth $543 million to Binance as Ethereum slump deepens

An early Bitcoin-era investor moved 261,024 ETH, valued at about $543 million, to Binance while Ethereum traded near $2,089.30 after a 0.89% daily uptick. Despite this, the holder still controls over 808,000 ETH worth roughly $1.66 billion, as technical indicators, ETF flows, and declining derivatives open interest point to ongoing weakness in Ethereum’s market structure.