This is what we can call a really Bad trade🤑.
After holding 6,000 $ETH bought near the top at an average price of $3,178.78 back on Jan. 20, the whale appears to be using the recent rebound to reduce its position.
Five hours ago, wallet 0x907...CC0a9 deposited 1,988 ETH (worth approximately $3.53M) to Bybit. If those ETH are sold at the deposit price of $1,777.49, the transaction would lock in an estimated $2.79M loss.
Over the past five months, the whale's #ETH holdings have fallen by 44%, suggesting it's gradually unwinding the position rather than waiting for a full recovery.
Deposit address: 0x9074212F22F75789cA3fa21A4B46d3A1489CC0a9
Original accumulation address: 0x919cd69BdCC80b0A1077A0704bE98c5209bf9B03
After holding 6,000 $ETH bought near the top at an average price of $3,178.78 back on Jan. 20, the whale appears to be using the recent rebound to reduce its position.
Five hours ago, wallet 0x907...CC0a9 deposited 1,988 ETH (worth approximately $3.53M) to Bybit. If those ETH are sold at the deposit price of $1,777.49, the transaction would lock in an estimated $2.79M loss.
Over the past five months, the whale's #ETH holdings have fallen by 44%, suggesting it's gradually unwinding the position rather than waiting for a full recovery.
Deposit address: 0x9074212F22F75789cA3fa21A4B46d3A1489CC0a9
Original accumulation address: 0x919cd69BdCC80b0A1077A0704bE98c5209bf9B03