According to TechFlow, on August 27, according to Lookonchain monitoring, several whales were selling Ethereum. One whale directly converted 4,591.8 stETH into 4,589.5 ETH, losing 2.3 ETH (about $6,000) to avoid a lengthy withdrawal process. Subsequently, the user deposited all 5,145 ETH (worth about $13.3 million) into Binance, presumably in preparation for sale.