Whale 0x4fa just withdrew 3,625 ETH ($9.51M) from Binance after a month of inactivity:

• transaction: 0x0d9fdab1db0a5469c23248314b51c51208206d9939fe3edfeebee5243080a605
• address: 0x4fa6689b94a433a45b7ea5737327b93eb3caca7c

Notably, this whale belongs to a network of 4 whales specializing in trading ETH. They used to collectively make an estimated cumulative profit of $37.98M (+26.7%) from trading 58,375 ETH in the first 2 completed ETH trading cycles between November 21, 2022, and May 23, 2024, with a win rate of 100%.

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

However, this ETH whale network currently suffers an estimated total loss of $16.5M (-21.2%) from their third and ongoing ETH trading cycle, with 14,245 ETH ($37.38M) remaining:

• withdrew 23,061 ETH from Binance at $3,368 on average (estimated cost: $77.67M) between May 29 and September 30, 2024, via 2 wallets "0x75a" and "0x4fa";
• has deposited only 8,825 ETH back to Binance at only $2,729 on average ($24.09M) on August 26, 2024.

Fig 1. The ETH whale network's current ETH trading cycle.

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

Fig 3. The current ETH holding of the ETH whale network.