When Profit Turns into Panic 🧐: A Crypto Escape Story

There was a big fish swimming in the $ETH ocean, let’s call them 0x31D…7a1c7.

A while back (on October 14), they unloaded 3,593.21 ETH at an average price of $4,051, facing a jaw-dropping unrealized loss of over $5.13 million. It was brutal.

Then something changed. Maybe a rate-cut, maybe just the tides of sentiment — but this whale held on, tight. And now… now they struck back.

Over the past 9 hours, they’ve quietly deposited 3,373.1 #ETH into Binance (worth $11.47M), at an average deposit price of $3,399.7 .... a sharp contrast from their prior exit.

There’s a bitter irony in the numbers. If they sold now, it’d translate into a realized loss of around $2.2M (less than before, but still a loss).

So did they sell? Not yet. But the pattern says: this whale used renewed confidence and volatility to reposition.

Sell-off wallet: 0x31D2b877987d76650556f1b03014F04bE6C7a1c7

Current deposit wallet: 0xE37Fe79F348355285638e7C6aCb0beA1c17Bb559