Ethereum News Today: Binance and OKX Users Diverge: Bitcoin Realized Price at $45K vs $97K as Ethereum Whales Secure Profits

Bitcoin and Ethereum holders on Binance are displaying a strong reluctance to sell despite recent price fluctuations, contrasting sharply with the profit-taking behavior observed on OKX. Data from CryptoQuant reveals that Bitcoin’s realized price for user deposits on Binance remains steady at $45,070, indicating that large holders are maintaining their positions. In contrast, OKX’s realized price has surged to $97,180, reflecting a wave of inflows and short-term speculative trading as Bitcoin approached $120,000 [1]. This divergence suggests a shift in market dynamics, with Binance users adopting a longer-term strategy while OKX traders prioritize locking in gains during volatile periods.

Ethereum exhibits a similar pattern. While the broader market price hovers around $3,570, OKX’s realized price for Ethereum deposits has climbed to $3,100, whereas Binance’s remains at $2,920, rising gradually rather than sharply. This indicates that Binance users are avoiding reactive trading and instead focusing on sustained positioning, whereas OKX participants are more inclined to capitalize on immediate price swings [1]. A notable example is a large Ethereum wallet (0x8C08) on OKX, which offloaded 8,005 ETH at $3,751, securing $9.87 million in profits [3]. This aggressive exit contrasts with Binance’s stable whale activity, where Ethereum positions remain largely untouched.

The behavioral split between exchanges reflects differing investor priorities. OKX’s user base, heavily retail-driven, appears focused on capital preservation, with increased short-term exits observed as Ethereum dipped to $3,658 [3]. Conversely, Binance’s institutional-grade liquidity allows whale accounts to hold positions without triggering market pressure, signaling confidence in Bitcoin’s fundamentals. This dynamic aligns with Swissblock’s analysis, which notes that Bitcoin’s price structure remains bullish despite paused momentum. The platform’s support level at $117,400 holds firm, and buyers remain active, preserving the uptrend [1].

For altcoins, the cooling phase following recent rallies underscores cautious market sentiment. Most remain in the “de-risk” quadrant, lacking strong buy signals, while a few show early accumulation signs. Swissblock advises waiting for a clear transition into the “accumulation quadrant,” where structure and momentum align [1]. Meanwhile, Ethereum’s 3% decline from $3,851 has intensified scrutiny over whether the sell-off marks a local peak. Whale transactions, including the 0x8C08 sale, amplify uncertainty, though Binance’s stable holdings suggest a wait-and-see approach as macroeconomic signals and ETF-related flows are digested [3].

The interplay between Binance and OKX highlights liquidity fragmentation in crypto markets. Binance’s dominance in institutional-grade trading enables whale accounts to maintain positions without exacerbating volatility, while OKX’s retail-oriented user base drives reactive exits. This duality creates arbitrage opportunities but also risks divergent market reactions to macroeconomic events. For Bitcoin, the 0.5% drop in offshore perpetual futures open interest—linked to speculative demand—has not broken key support levels, indicating institutional positioning acts as a buffer against sharp declines [1].

Market participants are now monitoring whether OKX’s profit-taking will influence broader sentiment or remain confined to retail activity. With Ethereum’s pullback and Bitcoin’s whale inactivity, the next catalysts could be macroeconomic data or regulatory developments. Until then, the divergent strategies on Binance and OKX will shape short-term dynamics, illustrating the crypto market’s evolving maturity [3].

Source:

[1] [Solana (SOL) Price Defies Broader Market Decline: Crypto ...] [https://www.coindesk.com/daybook-us/2025/07/22/solana-defies-market-drop-touches-usd200-as-altcoins-retreat-crypto-daybook-americas]

[3] [Ethereum Price Eyes $4500 as ETFs and Whales Fuel Rally] [https://99bitcoins.com/guides-and-tutorials/trade-bitcoin-futures/]