261,000+ ETH (~$543M) sent to Binance in minutes — transfers linked to Garrett “Bullish” Jin; raises short-term selling risk
first published 2026-02-15T11:40:00Z
Over 261,000 ETH (≈$543M) moved to Binance in minutes via three transfers (69,378; 96,116; 95,526 ETH) flagged by Whale Alert and linked by Lookonchain to Garrett “Bullish” Jin. The ETH went directly to Binance deposit addresses, increasing likelihood of imminent liquidity use. Lookonchain noted prior activity from the same entity: selling 5,000 BTC and withdrawing >$53M USDT, suggesting tactical capital rotation and potential near-term selling pressure. ETH was trading near $2,074 inside a $1,900–$2,150 decision zone as exchange balances rose.
AI Analysis
More than 261,000 ETH was deposited to Binance in concentrated transfers to deposit addresses; the sender was linked to Garrett “Bullish” Jin. The same entity previously sold 5,000 BTC and withdrew >$53M USDT. These facts increase the likelihood of near-term liquidity use and selling pressure while ETH trades in a $1,900–$2,150 decision zone.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant