Whale 0x55c just withdrew 7,779 ETH ($18.9M) from Binance at $2,430 on average, near the local bottom:

• transaction 1: 0xe1a5cd6afc1afa8cd1c56e22e50850d256194c1d9c04ec3c326f0465c34a6ec4
• transaction 2: 0x2bd5456f5b99cf975185279bac41294ffdcdb10cf18ccf3fd06b4cbf7d535803
• address: 0x55c11477577636024f8c4e776cda758c6f81cdaf

Notably, the whale deposited 90.6M USDT to Binance 5 days ago and has yet to trade any other token rather than ETH since his/her wallet creation, suggesting that the whale may be truly buying ETH.

Overall, whale 0x55c:

• withdrew 23,586 ETH from Binance at only $1,675 on average ($39.51M) between October 25, 2022, and September 7, 2023;
• staked most of his/her ETH to Beacon deposit;
• deposited 15,841 ETH to Binance at $2,235 on average ($35.4M) so far: 1,191 ETH ($2.51M) on April 15, 2023 (the biggest pump in the first half of 2023) and 14,649 ($32.9M) on January 5, 2024;
• further withdrew 7,779 ETH ($18.9M) from Binance at $2,430 on average recently.

Currently, the whale still holds around 15.5K ETH ($37.6M), of which 7,801 ETH ($18.9M) is kept in the address. His/her total estimated profit from ETH is $14.65M.

Fig 1. Recent fund movements by Whale 0x55c.

Fig 2. Whale 0x55c's overall ETH trading history.