Three weeks ago, the whale, who had accumulated ETH at an average price of $1617, began taking profits in batches. Today, they deposited 3000 coins into Binance.

BlockBeats News, July 21st, According to on-chain analyst Ai, the address 0xA70…37287 withdrew 17,675 ETH from Binance three weeks ago at an average price of $1617 per ETH, totaling approximately $28.58 million.

Today, the same address made its first deposit to Binance of 3,000 ETH, around $5.8 million, at an average deposit price of approximately $1933.91 per ETH. If sold at this time, an estimated profit of around $950,000 could be achieved, indicating a suspected initial unwinding for profit-taking.