PANews reported on November 24th that, according to Onchain Lens, an on-chain analyst, a major whale is shifting from perpetual contracts to the spot market, having purchased 5,042 ETH, worth approximately $14.26 million. This investor had previously lost over $8 million in perpetual contract trading but still holds approximately $7 million, which may be used to open new positions or continue accumulating ETH in the spot market.