Whale redeemed and transferred over 68000 ETH worth approximately $165 million to CEX within 3 weeks

According to Yu Jin Monitoring, although ETH ETFs have continued to flow in recently and institutions such as SharpLink have continued to purchase, ETH performance remains weak. Analysis shows that there may be large-scale shipments from whales or institutions. In the past three weeks, a giant whale has redeemed 95313 ETH through two addresses, of which 68182 ETH (approximately $165 million) has been transferred to centralized exchanges such as HTX, OKX, and Bybit. At present, the address still holds 27131 ETH (approximately 67.51 million US dollars), and it is expected to continue transferring to CEX in the coming days. These ETH were all pledged last year, with an average price of approximately $2878 at the time of pledge, and an average price of approximately $2431 for redemption and transfer to CEX, resulting in a loss of approximately $42.6 million.