According to @EmberCN, despite continued net inflows into ETH ETFs, a whale has redeemed 95,313 ETH over the past three weeks, with over 68,000 ETH (worth ~$165 million) sent to CEXs. The whale initially staked ETH last year at an average price of $2,878, but is now transferring at an average price of $2,431—resulting in an unrealized loss of approximately $42.6 million.