Ethereum Whale Deposits 112,053 ETH Worth $300 Million to Bitfinex

A long-term Ethereum whale or institutional investor transferred 112,053 ETH valued at roughly $300 million to Bitfinex over the past week, signaling heavy profit-taking. The activity culminated in a transfer of 30,825 ETH worth approximately $83.03 million, which accounted for about 27.5% of the week's total transfers. The entity realized an estimated $72.83 million in profit after holding the position for roughly three years. On-chain data indicates the wallet had originally withdrawn 130,592 ETH from Bitfinex in 2023 at an average price of $2,026 per token.