According to on-chain analyst Ember, a whale transferred 8,825 ETH ($24 million) into Binance 8 hours ago, losing $3.96 million (-14%). The 8,825 ETH he bought at an average price of $3,168 during the 7/28-8/4 period and is now selling at $2,719 for a loss of $3.96 million (-14%). He bought into the decline before the 8/5 market crash and missed the 8/5 crash, otherwise he should not have lost money or even made a profit.