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A giant whale reduced its holdings of more than 4,000 ETH, partially converted to WBTC

An ETH giant whale is reducing its holdings of 4,117 ETH (about $11.37 million) purchased in 2021 and expects to make a profit of $2.45 million. The giant whale bought a total of 7,693 ETH at an average price of $2,167 between February and September 2021. In the past 13 hours, the giant whale has converted 2,117 of these ETH to WBTC, and another 2,000 ETH have been transferred to Binance. Currently, the giant whale still holds 30,797 ETH, most of which are pledged on EigenLayer and ether.fi platforms.