Institution #ETH is making a crazy layout, are you cutting your losses now?

On August 17, according to on-chain analyst Ai Yi (@ai_9684xtpa), a new address has hoarded 9046.23 ETH in the past 17 hours, worth 40.05 million dollars.

From yesterday until now, it has cumulatively withdrawn 13,538.6 ETH (approximately 60.06 million dollars) from Kraken, with an average withdrawal price of 4436 dollars.

$ETH