Data: A certain trader is suspected of selling 6,914 ETH, incurring a loss of approximately 1.207 million USD

According to on-chain analyst @ai_9684xtpa, trader 58bro.eth is suspected of selling 6,914.08 ETH, expected to incur a loss of $1.207 million.

He previously withdrew 10,500.57 ETH from OKX at an average price of $1,978.26 during the drop from November 13 to 14, worth $20.77 million; however, after that, the price continued to decline. In the past 11 hours, he has deposited ETH worth $12.47 million into the exchange in three batches. If sold, the assets would shrink by 8.82%, with the remaining portion still showing an unrealized loss of $522,000.