Ethereum on-chain data: An address withdrew 1,306 ETH from C
On November 4, 2026, PANews and Odaily Planet Daily successively cited on-chain analyst Ai Yi's monitoring, reporting that address 0x2ff…D661e withdrew 1,306 ETH from Coinbase after ETH dipped again, at a withdrawal price of $2,286.68, worth approximately $2.99 million. The two sources' data are consistent, but neither disclosed the ownership of the address or the purpose of the withdrawal.
Event Timeline
- [11-04 02:24] An address withdrew 1,306 ETH from Coinbase 3 hours ago, worth about $2.99 million (PANews)
- [11-04 02:26] An address withdrew 1,306 ETH from Coinbase 3 hours ago, worth $2.99 million (Odaily Planet Daily)
Background and Impact
According to messages published by PANews and Odaily Planet Daily at 02:24 and 02:26 respectively on November 4, 2026, on-chain analyst Ai Yi (written "Ai Yi" by Odaily) monitored that address 0x2ff…D661e withdrew 1,306 ETH from Coinbase 3 hours before the reports were published, at a withdrawal price of $2,286.68, valuing it at approximately $2.99 million on that basis. The two sources are completely consistent on the address abbreviation, quantity, amount, and price, differing only in their verbs, using "withdrew" and "extracted" respectively; there is no conflict in the facts presented by the reports. Beyond the above elements, neither report disclosed the actual controller of the address, the purpose of the withdrawal, or subsequent movements.
Both sources mention that the withdrawal occurred after ETH "dipped again," but the material itself does not provide the specific magnitude of the dip, the time range, or the market data source. From an on-chain perspective, assets moving from centralized exchanges to self-custody addresses are often seen by observers as a signal of tokens leaving trading platforms; however, the scale of 1,306 ETH, or $2.99 million, is not large relative to the overall ETH market, and a single record alone is hard to use as support for judging price trends. The publicly available material currently provides only this one withdrawal, neither explaining whether the address had similar operations previously nor whether other related addresses acted in sync.
What is worth noting is the verifiability of this information. Such data is captured by analysts from public ledgers, and any withdrawal occurring on a centralized platform leaves a traceable record; whether users enter via 币安binance注册APP下载, 欧易OKX注册APP下载, or use channels such as 火币HTX注册APP下载, 芝麻Gate.io注册APP下载, and Bitget注册APP下载, the on-chain path likewise leaves a record. However, this does not mean the ownership or intent of the address can be inferred in reverse from on-chain records: the material provides no clues beyond the exchange, nor does it show the subsequent flow of this ETH. For the market, the more practical value of this record is as an observation window: only if the same address continues to withdraw, or transfers the assets back to an exchange, would it constitute new information; as of the publication of both sources, no such follow-up has been reported.
Frequently Asked Questions
### Does this withdrawal mean ETH's price will rebound?
It cannot be interpreted that way. The two sources only recorded the quantity, amount, and withdrawal price of a single withdrawal; they neither disclosed the address's ownership nor gave the address's subsequent actions. The scale of $2.99 million is not large relative to the overall ETH market, and a single on-chain record is insufficient to support a trend judgment.
### What is the $2,286.68 price?
This is the "withdrawal price" consistently given by both sources, i.e., the valuation price when the address withdrew from Coinbase. The material does not explain how this price was calculated, nor does it provide the day's high, low, or closing price, so it should not be equated with any market indicator.
### What nodes should be watched going forward?
One can follow the subsequent tracking by on-chain analyst Ai Yi, focusing on whether the address continues to withdraw from Coinbase, whether transfers to other addresses occur, or whether the assets flow back to exchanges. As of the publication of both sources, none of this information has been disclosed.