According to on-chain analyst Ember, the largest ETH/BTC exchange rate long on the chain, James Fickel, deposited 20,000 ETH ($50.63 million) into
Coinbase Prime 7 hours ago.
In addition to continuing to sell 2,000 ETH for WBTC today as he did in the previous two days to reduce his position, he also redeemed 26,624 ETH ($67.35 million) from Lido and deposited 20,000 ETH ($50.63 million) into
Coinbase Prime.