Whale Who Bought ETH at Average Price of $3,873 Deposits 1,999 ETH into CEX, Total Floating Loss Exceeds $5.2 Million

Odaily News According to on-chain data analyst @ai_9684xtpa, a whale who had been averaging down from $4,479 to $2,813 and initially built a position of 6,411.4 ETH at an average price of $3,873 during last year's peak began cutting losses 8 hours ago. The whale deposited 1,999 ETH (approximately $5.928 million) to a trading platform. If sold, this would result in a loss of $1.815 million (deposit price $2,965.7). Currently, the remaining 3,803 ETH still have a floating loss of $3.457 million.