A major whale or institution has completed its Ethereum (ETH) trading cycle, netting a profit of $93.74 million. The entity sold its final batch of 10,000 ETH, valued at approximately $45.05 million, to FalconX five hours ago. Over the past two weeks, the whale purchased ETH at an average price of $4,256 in late September and gradually sold 80,835 ETH, worth around $360 million, at an average price of $4,458 since October 2. Following the liquidation of its ETH holdings, the whale now holds $620 million in USDC, positioning itself for future trading opportunities. This strategic trading move resulted in a total profit of $16.33 million from the recent ETH price fluctuations.