On-chain analyst Yu Jin recently detected a major move— a large holder transferred a total of 40,251 ETH to trading platforms within the past 24 hours, worth approximately $124 million. The most significant transfer occurred an hour ago, with a single transaction of up to 26,000 ETH (about $80 million).

The story of this large holder is quite interesting. Five years ago, during a market downturn, they accumulated a large amount of coins at an average price of $660, totaling 101,000 ETH. Judging by their long-term holding commitment, this is indeed a patient institution or experienced trader.

The ETH transferred to the platform (75,200 ETH) is currently trading at around $3,383. In other words, this transfer has realized an unrealized profit of $204.9 million. Even considering the current trend, the large holder still has about 26,000 ETH remaining in their account, valued at around $80 million.

Large transfers to trading platforms usually indicate potential profit-taking or some judgment about the market trend. In the current market environment, such whale movements often attract market attention.