On-chain analyst Ember monitored that a whale liquidated 14,387 ETH (worth about $34.48 million) in the past three days, losing $12.55 million. The whale withdrew 14,384 ETH (about $47.33 million) from Binance at an average price of $3,290 from 6/22 to 8/4 and deposited it in Lido for staking. Then the market plummeted on 8/5, which may have made him lose confidence. On the evening of 8/5, he began to redeem ETH from Lido in batches and transfer it back to Binance. An hour ago, the last 5,000 ETH was transferred to Binance. Withdrawing from Binance at an average price of $3,290 and then transferring it to Binance at an average price of $2,417, the whale may have lost $12.55 million (-26.5%) on this ETH investment.