Whale's 3,296 ETH Panic Sell-off Record: From Millions in Unrealized Gains to 300,000 in Real Money

【Crypto World】I saw an interesting on-chain operation—at a panic point in the market, a large holder’s address directly dumped 3296 ETH, equivalent to about $10.3 million.

The interesting part is this: although this sale netted $292,000 profit, just two days ago, the account still had a unrealized gain of $1.266 million. Going from a million-level unrealized profit to real cash of around three hundred thousand, what can this trade tell us?

Either there was a change in expectations for the market’s future, or they felt it was necessary to realize profits at this price level. When a bottom phase triggers panic selling, large holders taking the opportunity to exit—this behavior is most likely to occur when market sentiment is extremely anxious.