A whale has liquidated 95% of its ETH holdings through Galaxy Digital's OTC channel, incurring an estimated loss of $1.27 million. The address initially received 4,892 ETH worth approximately $11.85 million over the past two months before transferring back a cumulative 4,637 ETH valued at around $10.1 million to Galaxy Digital's deposit address. The most recent transfer involved 1,796 ETH worth about $3.42 million on November 14. The whale now retains only 255 ETH, valued at approximately $483,000.