Whale $ETH forced to accept pain as it cuts losses over 2 million dollars! Is it surrendering to the market?

According to newly recorded data, a notable move has occurred from a whale wallet after a long period of silence.

🔷 A large wallet unexpectedly became active again after three months without transactions. This whale just deposited 2.015 ETH, valued at approximately 6.67 million USD, onto the exchange. Depositing funds onto an exchange is typically seen as a sign of preparing to sell.

🔶 Historical data shows this ETH was previously withdrawn to the wallet with a value reaching up to 8.73 million USD. Therefore, if sold at the current price, this whale is accepting an actual loss of about 2.04 million USD.

🔷 Accepting such a large loss after holding for three months indicates a lack of patience or a negative outlook on the short-term ETH price trend.

When whales themselves are cutting losses, is this a bottom signal or will the market continue to adjust deeper? What would you do if you were in their position?

This article is for informational purposes only and not investment advice. Please read and carefully consider before making any decisions.