Ethereum Reclaims $1,900 as Whales Withdraw $95 Million in ETH From Binance and Bybit

Ethereum climbed back above the $1,900 level on renewed buying interest, while two whale wallets collectively withdrew 50,000 ETH worth approximately $95.39 million from centralized exchanges, according to on-chain transaction data.

Specifically, blockchain data shows that wallet “0x2d59” withdrew a total of 40,000 ETH, valued at approximately $76.58 million, from Binance in two separate transactions roughly 30 minutes apart.

In a separate transaction, a newly created wallet identified as “0xfC2c” withdrew 10,000 ETH, worth about $18.81 million, from Bybit approximately one hour earlier.

The combined withdrawals totaled 50,000 ETH, valued at around $95.39 million, as Ethereum extended its recent gains. 

At the time of writing, ETH was trading at $1,914, up 1.7% over the previous 24 hours after reclaiming the $1,900 price level.

Source: Lookonchain