A group of whales bought ETH at the bottom and sold it after a week, incurring a loss of $13.73 million.

According to Odaily Planet Daily, based on monitoring by on-chain analyst Yu Jin, a whale group bought 22,880 ETH at an average price of $3,570 eight days ago, for a total value of $81.68 million. Five hours ago, the group exchanged all the ETH for 67.95 million USDT at an average price of $2,970, incurring a loss of $13.73 million.

These USDT were withdrawn by the group from exchanges such as Binance, MEXC, and HTX through multiple addresses last year and used to buy ETH eight days ago. Today, these assets have been consolidated into four addresses for sale.