Whales Dump 5,657 ETH at a $1.9M Loss Amid Recent Market Downturn

On-chain data reveals significant selling pressure as three major Ethereum holders offloaded a combined total of 5,657 ETH, equating to approximately $13.4 million, within a seven-hour window. According to blockchain analyst Ai Auntie (@ai_9684xtpa), these transactions occurred at a loss, with the aggregate unrealized loss nearing $1.93 million. This activity underscores a cautious sentiment among large holders amid recent market volatility.

The first whale, identified by the address prefix 0xb1c, liquidated 1,440 ETH in a single transaction after a six-month holding period. The sale executed at an average price of $2,392 per ETH, significantly below the acquisition cost of $3,359.3, resulting in a realized loss of $1.39 million. This highlights the pressure on long-term holders to mitigate losses amid unfavorable price movements.

Another prominent address, starting with 0x4F1, divested 2,716 ETH at an average price of $2,301, approximately 10 hours after purchasing at a short-term peak of $2,422.89. This rapid turnover led to a loss of $330,000, reflecting short-term market fluctuations and the challenges of timing exits in a volatile environment.

Lastly, the whale with the prefix 0xF89 exited a position of 1,501 ETH acquired at $2,529.95 on June 19th. The liquidation occurred at an average price of $2,392.75, culminating in a loss of $206,000. This transaction further illustrates the current bearish pressure impacting Ethereum holders across different investment horizons.

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