According to on-chain analyst Ai Yi, a long-held Ethereum holder liquidated all positions after 1,127 days, realizing an estimated $4.245 million in profit. The address amassed 2,962.89 ETH from November 17, 2022 to March 12, 2023 at an average price near $1,500, committing about $4.446 million in capital. Two years prior, the stake was moved to address 0x828…59D8b and remained dormant until this week, when the holder initiated batch sales, unloading nearly all of the remaining 2,040 ETH in the past 10 hours.

From a market standpoint, this exit illustrates how on-chain signals track liquidity shifts tied to a single ETH whale. While one exit does not establish a trend, the observed batch liquidations warrant close monitoring by traders and risk managers as they weigh potential implications for ETH liquidity and sentiment amid evolving macro factors in the broader Ethereum ecosystem.