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Trader 58bro.eth Apparently Cuts Losses on ~6,914 ETH, With Estimated Loss of ~$1.21M

Nov 15, 22:05

November 15 — According to monitoring by on-chain analyst Yu Jin (@ai_9684xtpa), trader 58bro.eth appears to have cut losses on about 6,914 ETH, with an estimated loss of about $1.207 million. During the decline on November 13–14, the trader withdrew about 10,500 ETH from OKX at an average price of about $1,978, worth about $20.77 million; after the price continued to fall, over the past 11 hours the trader deposited ETH worth about $12.47 million into exchanges in three batches, and the remaining portion still carries an unrealized loss of about $522,000.