A large Ethereum holder tied to wallet 0xF4E withdrew 7,240 ETH from Bybit and OKX after USDT deposits, then later redeposited about 5,820 ETH, with the newer report estimating a potential realized loss.
A large Ethereum holder associated with wallet address 0xF4E first withdrew 7,240 ETH worth about $16.87 million from Bybit and OKX after depositing an equivalent amount of USDT roughly an hour earlier, implying a spot purchase at an average price near $2,330. In a later development, the same wallet redeposited about 5,820 ETH to OKX and Bybit after about one month of inactivity. The newer report gives the deposited amount as 5,819.8 ETH at $2,284.79 and estimates that, if sold, the moved ETH would imply a realized loss of about $263,000, while the remaining holdings showed an unrealized loss of around $65,000. The transfers indicate a shift from earlier accumulation and withdrawal to a later return of ETH to exchanges, although the transactions alone do not confirm intent to sell.