Whale 0x4fa just deposited the remaining 14,245 ETH ($36.93M) to Binance at a big loss:

• transaction 1: 0xe61733c58f41d11ddffe927d564a8f2bd105f8bab5476268b5ce0cc452712881
• transaction 2: 0x7660ccd15002e561728d2fc6e2c11916319f47869fb00e884abe4ee5c68ceb02
• address: 0x4fa6689b94a433a45b7ea5737327b93eb3caca7c

Notably, the whale belongs to a network of 4 whales specializing in trading ETH, and the deposits above marked the end of their third ETH trading cycle with an estimated total loss of $16.72M (-21.5%) after 5.5 months:

• withdrew 23,066 ETH from Binance at $3,368 on average (estimated cost: $77.68M), mostly between May 29 and September 30, 2024, via 2 wallets "0x75a" and "0x4fa";
• deposited all 23,070 ETH back to Binance at only $2,643 on average ($60.97M) on August 26 and November 6, 2024.

Previously, this network of 4 ETH whales used to make an estimated cumulative profit of $37.98M (+26.7%) by trading 58,375 ETH in the first 2 completed ETH trading cycles between November 21, 2022, and May 23, 2024. However, the latest unprofitable third ETH trade has reduced its cumulative profit from ETH to $21.27M (+9.67%) with a win rate of 66.67%.

Here are the other 3 addresses of the network of 4 ETH whales:

• other address 1: 0x75ba13d7d2e0b7fc0b3e2b2038209fcc778bc62f
• other address 2: 0xebf049d602c1ed1874a08e48f98b5e41fcdf4b75
• other address 3: 0xfdb5ee804f7c1bac27d692696a6bd98f87ef652b

While the BTC price has reached a new ATH today, the ETH price is still 47% away from its ATH!

Fig 1. The third and latest ETH trade of the network of 4 ETH whales.

Fig 2. The ETH whale network's overall ETH trading history.