Whale withdraws 7,500 ETH from Binance as markets react
Ethereum (ETH)
Editor:
Eugene Serbin
Lookonchain.com reports that a whale withdrew 7,500 ETH from Binance, a move valued at approximately $20.5 million. This withdrawal occurred over a 30-minute window, signaling a shift in liquidity for the asset. Traders simultaneously reduced their bets on a Federal Reserve interest rate hike in October.
In the broader market, OpenAI's over-the-counter contract price surged before pulling back, yet it still carries a 20% premium relative to Bloomberg's latest reported valuation. OpenAI plans to raise $30 billion in funding at a $1.4 trillion valuation. Bitcoin traders are actively snapping up call options with strike prices above $90,000.
Other notable movements include a prominent trader closing their HBAR position for a small profit to seek better entries later. Additionally, a $PEPE whale transferred all 2.1T $PEPE, worth $52 million, to a new address after being dormant for 600 days.
How the market reacted
Whalio's own Binance spot order flow for ETH, measured when this story was written up on 29 September 2026. Not the outlet's figures.
Whalio data shows ETH trading at $2,688.71 with a 1-hour buy ratio of 48.1% and a 4-hour buy ratio of 50.0%. These short-term readings are slightly higher than the 24-hour buy ratio of 46.2%, suggesting that buying pressure is stabilizing after a period of lower interest. The volume delta for the last hour is -$1,536,636, indicating net selling pressure in the immediate term. Over the past 24 hours, the volume delta stands at -$58,063,058, with a cumulative CVD of -$11,969,997. This means that sellers have dominated the market over the full day, despite the recent uptick in the 4-hour buy ratio. Spot volume for the period reached $779,141,919 across 2,749,736 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 48.8%, making today's 24-hour ratio of 46.2% a 2.5 percentage point decline from the norm. Volume was 1.03 times the average, indicating slightly higher activity than usual for this period. The coin experienced a 3.2% price drop over eight days, with a total volume delta of -$87,545,666. This suggests that while activity is elevated, the broader trend remains bearish compared to the weekly average. Today's trading shows a slight recovery in short-term buying intent, but the daily flow remains firmly in seller territory.