COINOTAG News on September 23 cites on‑chain analyst Ai Auntie (@ai_9684xtpa), reporting that a whale address which accumulated ETH at an average price of $4,430 two weeks ago has deposited 2,250 ETH to Bybit. Based on current market levels, the position would realize an approximate $607,000 loss if liquidated, while the address still retains 7,554.7 WETH. This represents a measurable shift in exchange balances reflected in on‑chain data.
Market participants should monitor such flows using on‑chain analytics and order book depth to assess potential liquidity absorption and short‑term price impact. Tracking exchange balance changes, unrealized P&L and market microstructure metrics supports disciplined risk management without presuming directional outcomes.