Ethereum Whale Withdraws $16M from Binance Amid Price Rebound

A large Ethereum whale has withdrawn a significant amount of cryptocurrency from Binance. According to blockchain news, the whale withdrew 4,942 ETH ($8.83 million) and 111.5 WBTC ($7.01 million) from the exchange on July 5th.

This withdrawal is part of a larger accumulation pattern that has seen the whale amass 24,694 ETH with $3.61 million in unrealized gains over four days.

The Ethereum price has rebounded recently, and this whale activity echoes classic Bitcoin whale buying behavior that often precedes sharp moves.