Institution Transfers 22,200 ETH To New Address

According to Odaily, on-chain analyst Ai Yi has reported that an institution, which purchased 40,000 ETH at an average price of $3,167 two months ago, transferred 22,200 ETH (approximately $54.14 million) to a new address 10 hours ago. The institution still holds 27,927 ETH across two addresses, with a total value of approximately $68.02 million. Currently, the institution is facing an unrealized loss of $20.41 million.