A whale that bought 3,700 ETH in February appears to have liquidated its position, depositing 3,418 ETH into Binance an hour ago.

CoinFeed reported on April 29th that, according to on-chain analyst Ai Yi, a whale that bought 3700 ETH at $1973 in February appears to be liquidating its position. Just one hour ago, it deposited 3418 ETH into Binance, worth $7.98 million. This address also deposited ETH on April 26th. If this was for selling, then this deposit will mark the end of its liquidation. The average deposit price was $2332, representing a two-month return of 18.2% and an estimated profit of $1.328 million.