PANews reported on November 18th that, according to on-chain analyst Ember, a group of whales bought ETH at the bottom eight days ago and sold it off at a loss today, losing $13.73 million in a week. They purchased 22,880 ETH ($81.68 million) at $3,570 on November 10th and sold them all five hours ago for 67.95 million USDT. The average selling price was $2,970, resulting in a loss of $600 per ETH.

This whale group withdrew most of their USDT from exchanges like Binance, Mexc, and HTX through multiple addresses last year, and then bought ETH at the bottom eight days ago. Today, they consolidated the funds into four addresses and sold them.