On-chain analyst @ai_9684xtpa reported that a whale address that accumulated 6,000 ETH on January 20 at an average entry price of $3,178.78 transferred 1,988 ETH to Bybit around four hours ago. Based on the deposit price of $1,777.49, the transferred amount was worth about $3.53 million at the time of the move. If the whale sold the deposited ETH after the transfer, the realized loss on that portion would be roughly $2.785 million. The monitored position has now been held for about five months, during which the asset value has declined by 44% from the original entry level. The transfer may indicate potential selling activity, though no completed sale was confirmed in the source update.
According to on-chain monitoring by @ai_9684xtpa, a whale address that opened a position of 6,000 ETH on January 20 at an average price of $3,178.78 transferred 1,988 ETH to Bybit about four hours ago. At the deposit-time price of $1,777.49, the transferred ETH was valued at roughly $3.53 million.
If the deposited ETH was sold after arriving on the exchange, the whale would be looking at an estimated loss of around $2.785 million on that portion of the position. The monitored holding has been kept for about five months, and the asset value has declined by 44% compared with the original entry level.
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