Whale deposits 1,988 ETH to Bybit, facing potential $2.78M loss

An anonymous whale address (starting with 0x907) deposited 1,988 ETH, worth $3.53 million, to Bybit about four hours ago, according to on-chain analyst ai_9684xtpa. The address had purchased 6,000 ETH on Jan. 20 at an average price of $3,178.78. Over the past five months, the position is estimated to be down approximately 44%. If the whale sells the recently deposited tokens, the estimated loss would be $2.785 million.