Ethereum Whale Locks in $4.8M Profit, Deposition May Signal Retracement
A significant Ethereum whale has made a large deposit to exchanges, locking in over $4.8 million profit from leveraged ETH and BTC positions.
The whale address 0x268448f31594f4636d03cbb4e813b94801e47643 withdrew 79,226.49 ETH from Binance at an average price of $1,776.83 during July-August 2026. This withdrawal likely repaid Spark borrowings.
The whale now holds $24.16 million in ETH, which it deposited to exchanges along with some BTC collateral against a large USDS debt. The ETH price is currently at $2,381.09, testing the upper Bollinger resistance at $2,495.67 while the RSI flashes overbought at 93.59.
A healthy retracement to the 50-EMA support at $2,032.61 seems probable before further continuation amid sustained bullish MACD golden cross.