$BTC A whale has made a savvy move, depositing 2.53 million $SPX—valued at $4.55 million—into Bybit, locking in a hefty $4.46 million profit.

Having initially acquired 13.34 million $SPX for $19.47 million from Bybit and other wallets, they’re still sitting on 6.357 million $SPX, worth $11.44 million, spread across three wallets.

What’s your take—is this whale cashing in at the peak, or just trimming their $SPX stack for a bigger play?