A giant whale transferred 8825 ETH into CEX in the early morning, resulting in a loss of 3.96 million US dollars

According to on-chain analyst Yu Jin, a whale transferred 8,825 ETH (24 million USD) into CEX eight hours ago, realizing a loss of 3.96 million USD (-14%).

This 8,825 ETH was purchased by him between July 28 and August 4 at an average price of $3,168 per ETH. He sold it off at $2,719 per ETH now for a loss of $3.96 million (-14%). He bought in during the downturn before the market crash on August 5th and missed out on the crash; otherwise he would not have suffered losses or even made profits.