🚨 WHALE WATCH: Veteran Whale Realizes $195 Million in ETH Profits! 🐋💰
A long-term whale wallet active since July 2016 (0xa2F6...F85A) has just transferred 13,320 ETH (~$36.3 million) to a Coinbase deposit address (0x293C...03b6).
This move marks a major profit-taking event following six months of accumulation. In total, this whale is estimated to have secured up to $195 million in profits, with more than 99% of its ETH holdings now distributed.
Market & Derivatives Market Highlights (Deribit):
📊 Exchange Inflow: The transfer of 13,320 ETH to Coinbase indicates potential selling pressure on a centralized exchange.
📈 Funding Rate Surges: At the same time, the funding rate for ETH-PERPETUAL on Deribit surged significantly to 0.0287 (well above the average of 0.00372). This indicates that most perpetual futures traders are very bullish and willing to pay a hefty premium to take long positions.
⚡ Implied Volatility (IV): ETH options on Deribit are showing mixed signals. IV has surged for near- to mid-term expiry dates (October 5, 7, 9, & 23, 2026), signaling expectations of significant volatility/price movements in the near future.
💡 Conclusion:
Amid derivatives traders' bullish euphoria, this veteran whale is taking advantage of the high-liquidity environment to exit and lock in substantial profits. Stay alert to market volatility over the next few days!
What do you think—is this the start of a correction or just a routine shakeout? 👇💬
#ETH #whalealerts #CryptoNews #ETHUp70%InQ3ButLiquidityFalls #BinanceSquareTalks $ETH
A long-term whale wallet active since July 2016 (0xa2F6...F85A) has just transferred 13,320 ETH (~$36.3 million) to a Coinbase deposit address (0x293C...03b6).
This move marks a major profit-taking event following six months of accumulation. In total, this whale is estimated to have secured up to $195 million in profits, with more than 99% of its ETH holdings now distributed.
Market & Derivatives Market Highlights (Deribit):
📊 Exchange Inflow: The transfer of 13,320 ETH to Coinbase indicates potential selling pressure on a centralized exchange.
📈 Funding Rate Surges: At the same time, the funding rate for ETH-PERPETUAL on Deribit surged significantly to 0.0287 (well above the average of 0.00372). This indicates that most perpetual futures traders are very bullish and willing to pay a hefty premium to take long positions.
⚡ Implied Volatility (IV): ETH options on Deribit are showing mixed signals. IV has surged for near- to mid-term expiry dates (October 5, 7, 9, & 23, 2026), signaling expectations of significant volatility/price movements in the near future.
💡 Conclusion:
Amid derivatives traders' bullish euphoria, this veteran whale is taking advantage of the high-liquidity environment to exit and lock in substantial profits. Stay alert to market volatility over the next few days!
What do you think—is this the start of a correction or just a routine shakeout? 👇💬
#ETH #whalealerts #CryptoNews #ETHUp70%InQ3ButLiquidityFalls #BinanceSquareTalks $ETH
