#binance #hype #zec #near
06/02/26 21:16 UTC-04

As Bitcoin recovers, major players are becoming active! Here are their transactions

The sharp decline in the cryptocurrency market in recent days has also accelerated movements by large players. These movements, particularly visible in the Ethereum market, suggest that market volatility may increase even further.

According to market data, Trend Research transferred a large amount of $ETH as part of a loan repayment. Over the past 15 hours, the company sent a total of 246,075 ETH (approximately $469.23 million) to Binance. As a result, the total amount transferred to Binance recently has reached 434,663 ETH (around $896.1 million).

Meanwhile, another wallet belonging to a major player, which had been inactive for two years, has become active again. From this address, 10,000 ETH (approximately $19.27 million) was withdrawn from Binance. Previously, the same player withdrew a total of 43,562 ETH (about $104.2 million) from the exchange between March 11, 2023, and April 19, 2024, using these funds for staking.

On the other hand, the world’s largest crypto exchange Binance made purchases worth $233.37 million through its SAFU fund during the economic downturn.

Investors who suffered losses due to market fluctuations are also noteworthy. One large investor lost approximately $11.97 million after depositing 3,947 ETH (worth $7.53 million) to Binance, which he had held for four months. Initially, he had withdrawn 6,947 ETH worth $29 million from Binance but was later forced to reinvest assets worth $17.04 million.

However, it appears that some long-dormant wallets are viewing the decline as a buying opportunity. An address known as “0x1342” became active again after a year of silence and withdrew 1,892 ETH (around $3.75 million) from Binance about 30 minutes ago.

See also: "Bitcoin Cryptocurrency Rose 11% in a Bullish Rally"

#Ethereum (ETH)

Editor: Yuliya Soroka
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