On-chain analyst The Data Nerd reported that an anonymous whale address deposited 2,000 ETH (approximately $8.01 million) on the cryptocurrency exchange Bybit two hours ago. This transaction likely represents a realized profit of around $1.04 million. The same whale had previously purchased 3,002 ETH ($6.97 million) on September 9th when the price of ETH was around $2,300. The whale currently holds 1,005 ETH, worth approximately $4 million. This substantial deposit by a whale suggests bullish sentiment in the cryptocurrency market. Whales are known to move large sums of money and their actions can influence market trends.

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