$6M Burn: $ETH Whale Dumps After Brutal 5-Month Slide

One hour ago, wallet 0xA971F820FCD1e0166D8bB64F254A8aEd6F295643 made a painful move—depositing 3,833 ETH and 12 WBTC (worth around $8.18 million) to Binance, likely preparing to sell at a major loss.

This whale had built their #ETH position at the peak price of $3,409, but with ETH now trading around $1,828, their bag has shrunk dramatically—losing $6.06 million on ETH alone. The WBTC holdings were relatively stable, with only about $20,000 in losses.

If sold, the total realized loss could hit $6.078 million, making this a textbook example of how brutal the markets can be—even for deep-pocketed players.