Three significant Ethereum holders executed substantial sell-offs totaling 5,657 ETH, incurring a combined unrealized loss of approximately $1.93 million.
The transactions occurred within a concentrated seven-hour period amid recent market volatility, reflecting cautious sentiment among large holders.
The first whale, identified by wallet address 0xb1c, sold 1,440 ETH at an average price of $2,392 per ETH. This resulted in a realized loss of $1.39 million, stemming from an original acquisition price of $3,359.3
A second whale, wallet address 0x4F1, offloaded 2,716 ETH at an average price of $2,301. This sale generated a loss of $330,000, as the ETH was purchased near a recent peak price of $2,422.89.
The third whale, wallet address 0xF89, sold 1,501 ETH at $2,392.75 per ETH, leading to a loss of $206,000. This whale had acquired the ETH at an average price of $2,529.95.
Collectively, these sales underscore the bearish pressure and the challenges faced by large holders in timing market exits during periods of volatility.