Overview
- The BitForex founder finished moving 577,896 ETH (about $1.35 billion) to Binance over four days ending Monday, with no linked sell orders confirmed on-chain.
- Traders are watching Binance outflows and changes in posted buy or sell orders to learn whether the deposits lead to actual sales.
- Centralized exchange balances rose to 14.95 million ETH from 14.36 million since May 5, with Binance holding about 3.62 million, according to CryptoQuant.
- US spot Ethereum exchange-traded funds recorded $103.6 million of net outflows on Thursday, a shift that added short-term supply as coins left those funds.
- Jin swapped Bitcoin into Ether about eight months ago at roughly $4,591 per coin, which leaves an estimated $1.3 billion unrealized loss at today’s prices.