According to on-chain analyst Yu Jin's monitoring, a certain whale transferred 22,340 ETH (approximately $41.1 million) to Binance two hours ago and withdrew 12.88 million USDT 20 minutes later. After the whale transferred ETH to Binance, the price of ETH dropped from $1,844 to $1,834.5, with corresponding trading volume. The whale's ETH should have been partially or fully sold.
Yu Jin pointed out that the whale has realized profits in five wave bands of ETH since May, but this time may face the first defeat.
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