Whale pulls 19,820 ETH from Binance and OKX as leveraged Ethereum longs expand

A major Ethereum whale withdrew 19,820 ETH worth $40.14 million from Binance and OKX after previously accumulating 60,784 ETH valued at $126 million, while another trader opened a 20x leveraged ETH long using $1 million USDC on Hyperliquid. As Ethereum exchange reserves fell 6.47% to $31.843 billion and Binance top traders' long/short ratio reached 3.33, positive funding rates and shrinking liquidity pointed to deliberate, Ethereum-focused positioning rather than short-term speculation.