Whale deposits $1.35B in Ethereum to Binance, signaling short-term ETH uncertainty amid market shifts.

Garret Jin, founder of the defunct BitForex exchange, transferred about 577,896 ETH worth $1.35 billion to Binance over four days. Despite the large inflows raising concerns about potential selling pressure and bearish trends, data shows a complex picture: mid-sized whales are reducing holdings while the largest wallets continue accumulating ETH. This suggests that institutions or mega whales may be absorbing selling pressure, indicating short-term uncertainty but possible long-term consolidation. Investors should watch Binance's ETH flows closely in Q2 2026 for market direction.