On-chain analyst EmberCN reported that a whale or institutional address, presumed to have held Ethereum (ETH) for about 3 years, sold some of its holdings today, currently recording a profit margin of approximately 29%. This whale withdrew 112,066 ETH (worth approximately $227 million at the time) from Bitfinex about 3 years ago and held it until the 19th. At that time, the whale's average purchase price for ETH was approximately $2,030. About two hours ago, the whale redeposited 21,229 ETH (approximately $55.93 million) to Bitfinex. Deposits to exchanges are typically interpreted as being for the purpose of selling. According to CoinMarketCap, ETH is currently trading at $2,608.28, up 6.47%.
