Two whales transferred out a total of 16,500 $ETH ($27.2M) after the market dipped 9 hours ago:

1. Whale 0x828 sold 12K $ETH for 19.8M $USDC at $1,648 on average:

• current holding: 10K $ETH ($16.5M)

• address: 0x82886ad5e67d5142d44ed1449c2e41b988bfc0ab
• check whale 0x828 visualizer here

Notably, whale 0x828:

• spent 17.14M $USDC to buy back 10K $ETH at $1,714 on average, shortly after the market bounced back post-Grayscale's lawsuit victory against the SEC on August 30 (2 days ago) (previous signal here)
• has not been performing well since the start of its third and recent $ETH trading cycle on June 22, 2023; currently suffers a total estimated loss of $6.78M in this trading cycle
• nonetheless, used to earn a total of $14.53M from the first two $ETH trades and $MKR

Fig 1. Whale 0x828 sold 12K $ETH at $1,648 on average (19.8M $USDC) just now.

Fig 2. Whale 0x828's PnL in the third and latest $ETH trading cycle.

2. smartestmoney.eth deposited 4.5K $ETH to Binance at $1,657 ($7.46M):

• current holding: 17.3K $ETH ($28.6M) staked with Lido Finance
• txid: 0x274e45d2455b803ce57e4542900155aac23549715dc3c96201adcbff565e6d6f
• address: 0xeb2993a4e44291da4020102f6d2ed8d14b1cca4c
• check out smartestmoney.eth's visualizer here

Notably, smartestmoney.eth:

• longed $ETH by borrowing 10M $USDT from Aave, depositing to Binance, and accumulating 5.5K $ETH from the CEX at $1,686 ($9.28M) on August 24 (previous signal here)
• has not been performing well lately and currently suffers a total estimated loss of $1.77M in this trading cycle
• used to make $693K from trading 25.8K $ETH between August 12, 2022, and June 15, 2023; however, the trader appeared to accumulate $ETH at highs on many occasions

Fig 3. smartestmoney.eth deposited 4.5K $ETH to Binance at $1,657 ($7.46M) just now.

Fig 4. smartestmoney.eth's PnL in the second and latest $ETH trading cycle.