Whale Cycling Long on BTC and ETH Begins Taking Profits

On August 21, according to ai_9684xtpa monitoring, a whale using leveraged cycling long positions on ETH and BTC has started taking profits. Address 0x268…47643 had withdrawn 79,226.49 ETH (approximately $140 million) from Binance between July and August 2026, at an average price of $1,776.83.

Since August 19, it has deposited a cumulative 10,887.15 ETH (approximately $24.16 million) to trading platforms, and if sold, would realize a profit of $4.817 million. The address currently still has 47,889 wstETH and 1,200 WBTC collateralized, borrowing 83.67 million USDS, with a health factor of 2.26.

[BlockBeats]