The post Whales are accumulating Ethereum from Binance appeared on BitcoinEthereumNews.com. Ethereum is struggling below $3,000, but whales are once again accumulatingThe post Whales are accumulating Ethereum from Binance appeared on BitcoinEthereumNews.com. Ethereum is struggling below $3,000, but whales are once again accumulating

Whales are accumulating Ethereum from Binance

Ethereum is struggling below $3,000, but whales are once again accumulating more tokens. Several large entities withdrew ETH from Binance. 

Despite the ETH price downturn, accumulation continues into whale wallets and general accumulation addresses.

More large-scale entities withdrew Ethereum from Binance in the past day. Three newly created wallets added thousands of ETH, further depleting Binance reserves. On-chain data shows the whales added more than 8,000 ETH in hours.

Ethereum demand remains relatively strong, as buyers often offset the newly created weekly tokens. The network produces around 17,000 ETH each week, with most of the supply absorbed by buyers, and a small part burned by smart contracts.

After the latest withdrawals, Binance’s reserves remained at around 3.88M ETH. In total, exchanges hold a record low of 16.22M ETH, as more tokens are retained in smart contracts or in long-term staking.

Binance is not the only hub for Ethereum distribution. Other whales are using Hyperliquid for both spot orders and aggressive long positions. Another buyer added 2,249 ETH during the latest dip below $3,000.

The influential Arthur Hayes moved around 508 ETH to Galaxy Digital with the potential to sell.

Current ETH activity remains driven by whales and large-scale DeFi users. Ethereum on-chain activity is slower, and retail traders have moved away from the chain, while whales remain active.

The recent buying happened as the Ethereum fear and greed index recovered to 42 points and is already neutral, after spending weeks in deep fear territory.

Can Ethereum trading recover?

Ethereum open interest inched up from $17.4B to $17.7B in the past few days. However, the increase is mostly due to whale positioning. ETH retail trading remains subdued, with minimal expectations for a rally.

Despite this, whales are repositioning, and some are still holding aggressive long positions. Based on currently deployed liquidity, ETH is in a range between $3,000 and $2,700, with a larger accumulation of long positions.

Even the whale that shorted the market before October 11 holds the biggest long position on Hyperliquid, with a notional value of $600M. The whale, identified as Everett Jin, has continued to post collateral, despite carrying $39M in unrealized gains.

Over time, the whale expanded the long position, signaling at least speculative expectation that ETH may recover. Other whales on Hyperliquid have retained smaller positions after getting liquidated, with only two whales opening positions valued at over $100M.

ETH may close 2025 in the red

ETH is down over 11.5% in the year to date and may close in the red for the first time since 2022.

To date in December, ETH is down 1.48% after losing a net 28.9% for the quarter to date. Despite this, the October liquidations still weigh on the market.

Join a premium crypto trading community free for 30 days – normally $100/mo.

Source: https://www.cryptopolitan.com/whales-accumulate-ethereum-from-binance/

Market Opportunity
Moonveil Logo
Moonveil Price(MORE)
$0,002508
$0,002508$0,002508
+%2,03
USD
Moonveil (MORE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Building a DEXScreener Clone: A Step-by-Step Guide

Building a DEXScreener Clone: A Step-by-Step Guide

DEX Screener is used by crypto traders who need access to on-chain data like trading volumes, liquidity, and token prices. This information allows them to analyze trends, monitor new listings, and make informed investment decisions. In this tutorial, I will build a DEXScreener clone from scratch, covering everything from the initial design to a functional app. We will use Streamlit, a Python framework for building full-stack apps.
Share
Hackernoon2025/09/18 15:05
Which DOGE? Musk's Cryptic Post Explodes Confusion

Which DOGE? Musk's Cryptic Post Explodes Confusion

A viral chart documenting a sharp decline in U.S. federal employment during President Trump's second term has sparked unexpected confusion in cryptocurrency markets
Share
Coinstats2025/12/20 01:13
Google's AP2 protocol has been released. Does encrypted AI still have a chance?

Google's AP2 protocol has been released. Does encrypted AI still have a chance?

Following the MCP and A2A protocols, the AI Agent market has seen another blockbuster arrival: the Agent Payments Protocol (AP2), developed by Google. This will clearly further enhance AI Agents' autonomous multi-tasking capabilities, but the unfortunate reality is that it has little to do with web3AI. Let's take a closer look: What problem does AP2 solve? Simply put, the MCP protocol is like a universal hook, enabling AI agents to connect to various external tools and data sources; A2A is a team collaboration communication protocol that allows multiple AI agents to cooperate with each other to complete complex tasks; AP2 completes the last piece of the puzzle - payment capability. In other words, MCP opens up connectivity, A2A promotes collaboration efficiency, and AP2 achieves value exchange. The arrival of AP2 truly injects "soul" into the autonomous collaboration and task execution of Multi-Agents. Imagine AI Agents connecting Qunar, Meituan, and Didi to complete the booking of flights, hotels, and car rentals, but then getting stuck at the point of "self-payment." What's the point of all that multitasking? So, remember this: AP2 is an extension of MCP+A2A, solving the last mile problem of AI Agent automated execution. What are the technical highlights of AP2? The core innovation of AP2 is the Mandates mechanism, which is divided into real-time authorization mode and delegated authorization mode. Real-time authorization is easy to understand. The AI Agent finds the product and shows it to you. The operation can only be performed after the user signs. Delegated authorization requires the user to set rules in advance, such as only buying the iPhone 17 when the price drops to 5,000. The AI Agent monitors the trigger conditions and executes automatically. The implementation logic is cryptographically signed using Verifiable Credentials (VCs). Users can set complex commission conditions, including price ranges, time limits, and payment method priorities, forming a tamper-proof digital contract. Once signed, the AI Agent executes according to the conditions, with VCs ensuring auditability and security at every step. Of particular note is the "A2A x402" extension, a technical component developed by Google specifically for crypto payments, developed in collaboration with Coinbase and the Ethereum Foundation. This extension enables AI Agents to seamlessly process stablecoins, ETH, and other blockchain assets, supporting native payment scenarios within the Web3 ecosystem. What kind of imagination space can AP2 bring? After analyzing the technical principles, do you think that's it? Yes, in fact, the AP2 is boring when it is disassembled alone. Its real charm lies in connecting and opening up the "MCP+A2A+AP2" technology stack, completely opening up the complete link of AI Agent's autonomous analysis+execution+payment. From now on, AI Agents can open up many application scenarios. For example, AI Agents for stock investment and financial management can help us monitor the market 24/7 and conduct independent transactions. Enterprise procurement AI Agents can automatically replenish and renew without human intervention. AP2's complementary payment capabilities will further expand the penetration of the Agent-to-Agent economy into more scenarios. Google obviously understands that after the technical framework is established, the ecological implementation must be relied upon, so it has brought in more than 60 partners to develop it, almost covering the entire payment and business ecosystem. Interestingly, it also involves major Crypto players such as Ethereum, Coinbase, MetaMask, and Sui. Combined with the current trend of currency and stock integration, the imagination space has been doubled. Is web3 AI really dead? Not entirely. Google's AP2 looks complete, but it only achieves technical compatibility with Crypto payments. It can only be regarded as an extension of the traditional authorization framework and belongs to the category of automated execution. There is a "paradigm" difference between it and the autonomous asset management pursued by pure Crypto native solutions. The Crypto-native solutions under exploration are taking the "decentralized custody + on-chain verification" route, including AI Agent autonomous asset management, AI Agent autonomous transactions (DeFAI), AI Agent digital identity and on-chain reputation system (ERC-8004...), AI Agent on-chain governance DAO framework, AI Agent NPC and digital avatars, and many other interesting and fun directions. Ultimately, once users get used to AI Agent payments in traditional fields, their acceptance of AI Agents autonomously owning digital assets will also increase. And for those scenarios that AP2 cannot reach, such as anonymous transactions, censorship-resistant payments, and decentralized asset management, there will always be a time for crypto-native solutions to show their strength? The two are more likely to be complementary rather than competitive, but to be honest, the key technological advancements behind AI Agents currently all come from web2AI, and web3AI still needs to keep up the good work!
Share
PANews2025/09/18 07:00