Whale 0xeCE7 Routes $225M USDC to Exchanges, Pulls 32K ETH from Binance in Lookonchain-Tracked Flows

A crypto whale (0xeCE7) routed $225 million USDC across Binance, Bybit, and Deribit over 10 hours before withdrawing 32,007 ETH worth $77.52 million from Binance, as highlighted in a Lookonchain post reported on April 20. Initially covered in articles on April 18, the sequence—stablecoins into exchanges followed by ETH out—suggests potential hedging, accumulation, or derivatives plays via Deribit, fueling Ethereum volatility expectations. This coincides with a 14-year-dormant Bitcoin wallet moving $469.8 million, heightening trader focus on on-chain flows and order books for short-term swings.