A whale sold 10,000 ETH on the blockchain this morning, resulting in a loss of $70,000.

According to on-chain analyst Yu Jin, a whale address that specializes in chasing the upward trend of ETH (commonly known as buying high and selling low) bought 11,000 ETH (approximately $18.48 million) at an average price of $1,680 between September 28 and October 2. The highest floating profit was $770,000. However, the market began to decline last night, and the whale sold 10,000 ETH (approximately $16.74 million) at an average price of $1,674 in the early hours of today. The investment ended with a loss of $70,000.