BIT transfers 11,000 ETH to Binance worth $29.45 million
Ethereum (ETH)
Editor:
Eugene Serbin
According to lookonchain.com, wallet address 0x02a0, linked to BIT (formerly Matrixport), moved 11,000 ETH to Binance. The transfer is valued at approximately $29.45 million. Over the past three hours, the funds were shifted from BIT’s deposit address to a hot wallet.
This movement completed an internal aggregation of funds. The full address involved is 0x02a05cb54a5db7a2920fcec67e7d8db5331f1805. In other market news, Ondo broke through $0.51 with a 24-hour rally exceeding 22%.
Litecoin also surged, breaking $71 with a 12.3% gain over the same period. NEBIUS rallied over 7% at the opening, while CoreWeave rose more than 3%. Security alerts noted an attack on Meter Passport on BNB Chain, with $2.3 million in wMTRG minted.
A whale’s swing trade on Ethereum resulted in a $342,000 loss on 4,088.5 ETH. Additionally, a $PEPE whale moved 2.1T tokens worth $52 million after 600 days of dormancy.
How the market reacted
Whalio's own Binance spot order flow for ETH, measured when this story was written up on 24 September 2026. Not the outlet's figures.
Whalio spot data shows ETH trading at $2,684.71 with a 1-hour buy ratio of 50.4%. This short-term buying interest contrasts with the 4-hour buy ratio of 42.4% and the 24-hour ratio of 48.1%. The 1-hour volume delta is positive at $305,043, indicating immediate buy pressure. However, the 4-hour volume delta is -$23,380,979, and the 24-hour delta is -$33,778,620. This suggests that while recent minutes saw net buying, the broader trend over hours and days has been net selling. The cumulative volume delta for the 24-hour close is -$20,126,289. Spot volume for the day reached $898,195,135 across nearly 3 million trades.
The latest daily buy ratio of 46.8% sits at the 16th percentile of the last 322 days, against a median of 49.5% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ETH, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 50.4%, matching the current 1-hour reading. The latest day showed a buy ratio 2.3 points lower than this weekly average. Volume was 1.03 times the average, indicating slightly higher activity than usual. Only 2 of the past 7 days saw net buying, and the price increased by 11.0% over 8 days. The total volume delta for the week was +$128,004,510, contrasting with the recent 24-hour net outflow.