A major BTC and ETH holder who lost approximately $20 million deposited assets into Binance, seemingly indicating a loss-cutting exit.

CoinFeed reported on June 8th that, according to Ai Yi, a large investor with the address 0x691…5FfF2 established positions in BTC around $113,000 and ETH around $4,300, depositing approximately $15.21 million worth of 80 WBTC and 6,100 ETH into Binance, seemingly opting to cut losses and exit the market. These positions were established at the market peak in mid-October last year, and the investor's assets have since shrunk by approximately 44%, with an estimated loss of around $20.05 million.