A wallet address potentially associated with Fenbushi Capital has deposited 10,400 ETH, valued at approximately $29.88 million, into Binance. Large fund transfers to centralized exchanges are often scrutinized by the market. Institutional deposits of this magnitude are typically interpreted as a precursor to selling, hedging, or rebalancing activities, which can create short-term bearish sentiment for the specific asset involved. Traders will likely monitor order books for selling pressure on Ethereum, although such transfers can sometimes be for yield generation or collateral management rather than outright disposal.