A whale deposited 8,000 ETH to CEX such as Binance six hours ago. If it sells, it will lose $6.68 million.

According to on-chain analyst @ai_9684xtpa,  a whale who obtained 40,000 ETH from Genesis Trading OTC four days ago deposited 8,000 ETH to Bybit, #OKX, and #Binance six hours ago, worth approximately $18.65 million. If sold, they would lose $6.68 million. The 40,000 ETH is worth $126 million, with an average price of $3,167. Currently, the remaining 28,587 ETH is still at a loss of $18.43 million. Based on the transaction records, the address may belong to a certain institution.