In the past 7 hours, three addresses have collectively sold 5,657 ETH on-chain, incurring a total loss of $1.928 million

According to on-chain analyst @ai_9684xtpa, over the past 7 hours, three addresses have collectively sold 5,657 ETH (approximately $13.4 million) on-chain, all at a loss, with total losses amounting to $1.928 million. 1. Whale 0xb1c...a108C, after holding for six months, sold 1,440 ETH on-chain in a single transaction 6 hours ago, worth $3.45 million, at a price of $2,392 per ETH. The cost basis was as high as $3,359.3 per ETH, resulting in a loss of $1.392 million. 2. Whale 0x4F1...6618B sold 2,716 ETH at an average price of $2,301 per ETH three hours ago, worth $6.25 million. This batch of ETH was bought 13 hours ago at a short-term high of $2,422.89 per ETH, resulting in a loss of $330,000 in just ten hours. 3. The swing whale 0xF89...8AEfe, active since 2018, bought 1,501 ETH at $2,529.95 on June 19 and liquidated the entire position 7 hours ago at an average price of $2,392.75, incurring a loss of $206,000.