Ethereum( whales have recently taken action. A week ago, this giant whale was still accumulating, acquiring 8,550 ETH in one go. Now, it has turned around and deposited 3,000 ETH into a major exchange, equivalent to approximately $8.93 million.

The story behind this move is a bit heartbreaking—if those 3,000 ETH were truly sold, this whale would have lost about $43,000. The remaining 5,550 ETH is even worse, with unrealized losses on paper already reaching $46,000. The total holdings in this wallet amount to 22,981 ETH, and the situation isn't looking good.

Interestingly, this whale didn't completely liquidate its position but chose the timing carefully. What does this indicate? Market volatility is indeed high, even large funds are being cautious. Whale reduction signals often hint at a shift in market sentiment—some are starting to cash out, and you can interpret what that means yourself.

Monitoring the holdings changes of such large wallets is definitely worthwhile—not to follow blindly, but because this data can reflect the true temperature of the market. Keep an eye on this wallet’s subsequent moves; there may be new stories ahead.