In the past week, a suspected institutional sell-off of 38,582 ETH, potentially cashing out $36.57 million

According to news from HashKey, based on monitoring by on-chain analysts, in the past week, a well-known smart money address is suspected of selling 38,582 ETH, with a total value of approximately $138 million. If this sell-off is realized, the address will gain approximately $36.57 million in profit. From its historical operations, this address is likely affiliated with an institution, having withdrawn a total of 77,700 ETH from Kraken since the beginning of this year, valued at around $202 million, with an average price of about $2,600. Currently, on-chain, this address still holds 25,054 ETH, most of which is stored in Aave.