A whale redeemed 4,721 ETH and transferred them to Bitget, losing more than $3.5 million in three months


according to on-chain analyst Yu Jin's monitoring, a whale redeemed 4721 ETH (about $9.91 million) and transferred it to the Bitget exchange 5 hours ago. The address has extracted a total of 6849 ETH (about $17.95 million) from Coinbase Prime and Binance at an average price of $2,621 over the past 3 months and has staked them, currently holding a unrealized loss of about $3.57 million.