A significant BNB whale address 0x2160 withdrew 8,474 BNB, worth approximately $5.9 million, from Binance on August 24, 2026, according to Lookonchain. The whale then deposited the tokens into Venus and borrowed $2.6 million in USDT to buy more BNB, creating a leveraged long loop. This type of activity is often interpreted as bullish positioning and can influence short-term sentiment around BNB and the wider Binance ecosystem.
At the same time, an Ethereum address linked to the crypto options trading platform BIT, formerly Matrixport, sold 14,000 ETH worth roughly $34.15 million, as reported by BlockBeats. The wallet had been identified as holding the largest on-chain long position in Ethereum. The sale signals profit-taking after recent price appreciation and may add near-term selling pressure or volatility to ETH. However, analysts note that options desks often rebalance dynamically, and a single sale is not necessarily a long-term bearish signal.
Both events highlight how whale activity is closely watched through on-chain analytics. BNB’s leveraged accumulation suggests confidence in the asset, while the ETH-linked profit-taking reflects normal market-cycle behavior after rallies. Traders are likely to monitor follow-up transactions and broader trading volumes for clearer direction.
