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A whale acquired 37,602 ETH in February 2018 at an average price of about $829, with a total cost of approximately $31.16 million. Eight years later, he sold 17,598 ETH at an average price of $1,548, cashing out approximately $27.25M USDS, resulting in a book profit of about $12.65 million for this half position.
Today, the crypto market saw a sharp pullback, with ETH briefly losing the $1,565 level. In this weak market, the whale cutting his position in half is inevitably concerning.