A whale withdrew $16.87 million worth of ETH and re-deposited 5,819.8 coins within less than 24 hours, facing a loss of $263,000 if sold

According to on-chain analyst Ai Yi, a whale withdrew 7,240 ETH (worth $16.87 million) from an exchange at a price of $2,330 yesterday. In the past 3 hours, the same whale deposited 5,819.8 ETH back to the exchange at a price of $2,284.79. If sold, this would result in a loss of $263,000, with the remaining position showing an unrealized loss of $65,000.