A Smart Money Address Transfers 3,000 ETH to an Exchange, Potentially Preparing to Sell

According to Jinse Finance, on-chain analyst Ai Yi (@ai_9684xtpa) has monitored that since May 2023, a smart money address (suspected to belong to LonglingCapital) has profited $33.67 million from buying ETH low and selling high. Three hours ago, this address deposited 3,000 ETH to an exchange, possibly for selling. The last time this address deposited ETH to a trading platform was two months ago. It currently still holds 85,896 ETH, valued at $260 million.