A whale recently withdrew 2,000 ETH worth $6 million from Binance.

The whale, which had previously profited $1.506 million from 3 transactions in 11 months, has just begun its fourth transaction, withdrawing 2,000 ETH from Binance worth $5.98 million at a withdrawal price of $2,991.65/ ETH.

This move comes after the address's last transaction ended a month ago, precisely when $ETH experienced a rapid decline and was also the only time the address incurred a loss.

New whale transaction: withdrawing 2,000 ETH from Binance

According to on-chain analyst Ai Yi, whales initiated the fourth swing by withdrawing 2,000 ETH from Binance about 30 minutes ago.

The transaction value was recorded at $5.98 million, with a withdrawal price of $2,991.65 per ETH. Cryptocurrency withdrawals from exchanges are often closely monitored as they may be related to holding intentions, portfolio restructuring, or preparation for further transactions.

The data also highlights that this address has a history of trading based on price fluctuations, rather than long-term buy-and-hold. However, the original content does not specify the destination of the ETH after withdrawal or the specific strategy for the next swing.

11-month performance: $1.506 million profit, with one loss recorded.

Over 11 months, this whale is believed to have earned $1.506 million in profit from 3 ETH swings.

The most recent transaction ended a month ago, coinciding with a period of rapid ETH decline, and is described as the only time this address recorded a loss. Details of the loss were not provided.

This data chain shows that overall performance remained positive despite one misstep. Initiating the fourth swing immediately after a loss could reflect a return to a wave-based trading strategy, but the original post only confirms the ETH withdrawal and related timelines.