🐋 $50M ETH Move Just Hit Binance — Profit Turns Into $57M Unrealized Loss
Fresh on-chain data from Lookonchain shows a major whale has just deposited 24,452 ETH (≈ $50.05M) into Binance within the last 30 minutes.
But here’s where it gets interesting…
This wallet still holds 56,528 ETH (≈ $115.3M). At one point, the whale was sitting on a massive $47.5M profit from their ETH position.
Now? The position has flipped — currently showing an unrealized loss of around $57.3M.
That’s a swing of over $100M in paper gains.
Is this deposit a signal of:
• Risk management?
• Preparing to sell?
• Hedging?
• Or just repositioning liquidity?
Whale movements like this often precede volatility. Smart money is moving — the market is watching.
Stay sharp. 🧠
DYOR No Financial advice!
#MarketRally #ETH #WhaleDeRiskETH #Write2Earn #EthereumLayer2Rethink?
