Whales Buy $3.8M in ETH and Withdraw $9.27M From Binance as Price Drops to $2,600
- —A wallet bought 1,473 ETH for $3.8 million via CoW Protocol at $2,582
- —Another address withdrew 3,583 ETH worth $9.27 million from Binance in two hours
- —Ethereum fell below $2,600 against a daily high above $2,720
- —US spot Ethereum ETFs saw $201.9 million in net outflows on October 6
Why it matters: ETF outflows and on-chain whale activity are diverging, complicating the near-term read on ETH direction.
Source: Happycoin.club