Bye to ETH, hard REALITY". Big wallets donโt always buy bottoms or sell tops either , sometimes even long-term conviction trades end up getting cut at a loss. Fenbushi Capital-associated wallet may be taking a painful exit on $ETH . About 8 hours ago, wallet 0xaF3โฆ74446 transferred roughly 11,101 ETH (worth around $21.94M) to an Amber Group deposit address, a move that often signals preparation for selling or OTC execution. What makes it sting is the cost basis. Tracing the wallet history back, the #ETH was reportedly accumulated between February and April 2024, when the address withdrew a total of 33,398 ETH from Binance at an estimated average price near $3,039.36 , roughly a $101M position at the time. The latest transfer happened at an estimated value around $1,977 per ETH, meaning if this batch is sold, the realized loss on the 11,101 ETH alone could be roughly $11.79M. Address: 0xaF3564eED13015E11501af4A249e9794EfB74446 {future}(ETHUSDT) {spot}(ETHUSDT)