According to ChainCatcher, according to monitoring by on-chain analyst Ember, a whale liquidated 14,387 ETH (worth approximately $34.48 million) in the past three days, with a loss of $12.55 million.
It is reported that the whale withdrew 14,384 ETH (about 47.33 million USD) from Binance at an average price of 3,290 USD from 6/22 to 8/4 and deposited it into Lido for staking. Then the market plummeted on 8/5, which may have made him lose confidence. He began to redeem ETH from Lido in batches and transfer it back to Binance on the evening of 8/5. The last 5,000 ETH was transferred to Binance an hour ago.
Withdrawing from Binance at an average price of $3,290 and then transferring to Binance at an average price of $2,417, the whale may have lost $12.55 million (-26.5%) on this ETH investment.
