TechFlow news, September 16: According to on-chain analyst Ai Yi (@ai 9684xtpa), ETH whales who accumulated during the previous bull market peak appear to be exiting positions. These addresses had seen drawdowns as high as 74.4% over four years and only just recently recovered their cost basis last month.
Between October 2021 and February 2022, they accumulated 1,337 ETH at an average price of $4,141. After holding for four years, they deposited 1,427 ETH into Binance (worth $6.44 million) four hours ago. If sold, this transaction would yield a profit of $501,000.
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