Metalpha and major whale dump nearly $96M in ETH onto Binance within the hour!

Two large Ethereum holders moved a combined 41,062 ETH — worth roughly $95.6 million — onto Binance within the past hour, a pattern on-chain analysts typically read as preparation for a market sale. Wallets linked to institutional trading firm Metalpha accounted for the bulk of the flow, depositing 27,000 ETH ($62.78M), while a separate whale address tagged 0x8Ad4 added another 14,062 ETH ($32.82M).

The scale and timing of the two deposits arriving in the same window is notable. Coordinated or coincidental, the combined supply hitting a major exchange order book in a compressed timeframe creates meaningful near-term sell pressure on ETH.

Metalpha is a known institutional crypto trading and structured-products firm, making its deposit size harder to dismiss as routine portfolio rebalancing — the move warrants close attention from anyone holding or trading ETH in the short term.