Ethereum whale deposits $1.35B ETH to Binance amid $1.3B unrealized loss, raising market concerns.

A major Ethereum holder known as Garrett Jin transferred 577,896 ETH worth about $1.35 billion to Binance over four days, facing an unrealized loss of $1.3 billion from buying ETH at $4,591 eight months ago. This large deposit adds to rising ETH balances on centralized exchanges, which may increase selling pressure and market anxiety. Ethereum is trading around $2,300, with analysts warning it must break $2,400 to sustain gains or risk falling to $2,100. The market watches closely for Jin's next moves and overall exchange supply trends.