A swing trader known for buying low and selling high has deposited 4,088.5 ETH worth $10.8 million into Binance after a two-month hiatus from market activity. On-chain monitoring indicates this marks the wallet's first significant movement in 60 days.
The deposit would realize a loss of $342,000 if executed at current prices, suggesting the trader may be repositioning or exiting positions amid prevailing market conditions rather than taking profits.
Smart Money Trader Deposits $10.8M in ETH to Binance at Potential Loss
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