PANews reported on November 12 that, according to on-chain analyst @ai_9684xtpa, a major whale (0x69b...0e378) is suspected of cutting losses on 1,300 ETH within 10 minutes, incurring a loss of $597,000. He had previously established a position of 2,655 ETH between October 14 and October 18 at an average price of $3,805.6, with the remaining 1,355 ETH still showing a floating loss of $487,000. This portion of ETH had previously shown a floating profit of $2,142,000 at its peak.