The wallet exited near an early-morning low of $1,569.5 after buying the ETH a day earlier at $1,660.2, following a separate March trade that also ended in a loss.
Whale wallet @0xbilly sold 2,409 ETH for $3.78 million near an early-morning low of $1,569.5, locking in a $220,000 loss, PANews reported on June 25, citing on-chain analyst Ember. The position had been opened a day earlier using 4 million USDC, with the ETH bought at an average of $1,660.2. The trade adds to a pattern of unsuccessful short-term positioning by the same wallet: in March, it bought 7,768.5 ETH at $2,254 and sold four days later for an $800,000 loss. Large wallet movements are often tracked on-chain because they can offer a window into trading behavior and risk appetite, though they do not necessarily signal broader market direction.