According to on-chain data analyst @ai_9684xtpa, the whale/institutional address 0xb99...cBcF5 that held 20,222 ETH since October 29 transferred 3,850 ETH, worth $9.3 million, to Binance 6 hours ago. The average cost basis of this address over the past week was around $2,657 per ETH, and if they sell all of it, they would incur a loss of $930,000.
A whale address "cut its losses" and transferred 3,850 ETH to Binance 6 hours ago
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