A whale deposited 1,999 ETH into a CEX at an average price of $3,873, resulting in a total unrealized loss of over $5.2 million.

According to Odaily Odaily, a whale that bought Ethereum at $4,479 and averaged $3,873 per ETH at last year's high of $2,813 has started to cut its losses. Eight hours ago, this whale deposited 1,999 ETH (approximately $5.928 million) into the exchange. Selling this ETH would result in a loss of $1.815 million (deposit price $2,965.7). Currently, the whale holds 3,803 ETH with a floating loss of $3.457 million.