A major whale cut losses and liquidated their entire position amid today's decline, incurring a loss of $5.506 million.
According to Jinse Finance, analyst Yu Jin monitored that a whale who bought ETH 9 days ago has sold off all holdings after today's sharp drop, completing a "buy high, sell low" operation. 9 days ago, the whale used 38.017 million DAI to purchase 8,637 ETH at a price of $4,402; after this morning's sharp decline, the whale sold all holdings at $3,764, exchanging back to 32.511 million DAI, resulting in a loss of $5.506 million.
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