A long-time crypto market participant, known for correctly shorting Bitcoin ahead of the October crash, has transferred approximately $293 million worth of ETH to Binance today.

Such on-chain movements are closely watched, as deposits to exchanges can sometimes signal liquidity management or strategic repositioning.

This does not automatically imply an imminent sell-off. No confirmed selling activity has been observed so far.

Given the current market conditions, this is simply a data point worth monitoring with caution.