77,000 ETH Gone From Binance to Anon Wallet as Crypto Market Goes Back to Green

77,000 ETH Gone From Binance to Anon Wallet as Crypto Market Goes Back to Green

Source: UToday

Published:11:29 UTC

BTC Price:$71096

#ETH #Binance #Crypto

Analysis

Price Impact

Med

A large withdrawal from binance can indicate a holder's confidence in the asset for long-term storage or staking, potentially reducing selling pressure on the exchange. however, the purpose remains unconfirmed, so the impact is moderate.

Trustworthiness

High

Whale alert is a well-known and reputable on-chain tracking service, often cited for its accuracy in reporting large transactions.

Price Direction

Bullish

The large eth withdrawal coincides with a general market upturn and bitcoin's recovery. coupled with another report of a bullish whale buying eth on binance, this suggests positive sentiment and potential for price increase.

Time Effect

Short

While the intention could be long-term, the immediate market reaction to such a large movement and the accompanying positive market sentiment are typically short to medium-term effects.

Original Article:

Article Content:

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. 77,000 ETH leaves Binance for unknown wallet Stock markets nosedive, while crypto holds strong Advertisement Whale Alert, a popular cryptocurrency tracker that keeps an eye on large crypto transactions, has spotted a massive Ethereum withdrawal from the world’s largest exchange, Binance. The transaction occurred as the crypto market turned green again after spending a long period in the red zone, and the second-largest crypto, Ethereum, has regained the $2,000 price zone. 77,000 ETH leaves Binance for unknown wallet The aforementioned data source has revealed that approximately nine hours ago, an anonymous cryptocurrency investor withdrew an enormous amount of Ethereum from the largest crypto trading venue in the world, Binance. HOT Stories XRP Breaks Out: $1.92 Emerges as Technical Target, Bitcoin Recovers to $71,000 Fueled by Quarter Billion in Short Liquidations, Cardano Sees Massive 230 Million ADA Whale Redistribution: Morning Crypto Report Ripple CEO Says Clarity Act Is About Protecting Interests of Americans While it may look like a purchase and a withdrawal to a cold wallet for long-term storage, in reality, there are also other options — exchange maintenance, staking or even a whale rearranging his crypto holdings. Advertisement Still, the amount of ETH in question is impressive: 77,000 ETH valued at $152,621,215 at the time of the transfer. 🚨 🚨 🚨 🚨 🚨 🚨 🚨 77,000 #ETH (152,621,215 USD) transferred from #Binance to unknown wallet https://t.co/y9zaa16Blf?from=article-links — Whale Alert (@whale_alert) March 4, 2026 In the meantime, another on-chain data source on X, @OnchainLens, spread the word about a bullish whale who bought 4,900 ETH for nearly $10 million , also on Binance. The data source believes that the whale’s behavior shows he is “likely to buy more.” Advertisement You Might Also Like Wed, 03/04/2026 - 09:38 Is BlackRock Selling Bitcoin? $260 Million in 24-Hour Flow Spotted By Arman Shirinyan Stock markets nosedive, while crypto holds strong Bitcoin and top altcoins are, for once, acting as a safe haven, as multiple influencers on the X social media app have pointed out, while the main stock market indexes and the traditional inflation hedge, gold, are taking a deep plunge. Among those are the JAN3 boss, Samson Mow, and the founder and CEO of Crypto Bureau, Nic Puckrin. Both have pointed at the plummeting Nasdaq, S&P 500 and South Korea's KOSPI index. Gold has shown negative market dynamics as well. Mow believes that “something has shifted” around Bitcoin, assuming that BTC has been decoupling from stocks. In the last few days the S&P, gold, and KOSPI all tanked but Bitcoin didn’t even flinch. Something has shifted. Decouple. — Samson Mow (@Excellion) March 4, 2026 The stock markets are reacting heavily to the unfolding geopolitical situation in the Middle East, which is having a great impact on oil prices and, therefore, the energy market in general. Hence, there was a big drop in the major stock market indexes. Meanwhile, the crypto market is back in the green zone, with Bitcoin having rebounded to $71,720, staging a nearly 8% surge over the past 24 hours. #Ethereum #Binance #Bitcoin #S&P 500