According to on-chain analyst Yu Jin, a whale transferred 8,825 ETH ($24 million) into Binance 8 hours ago, incurring a loss of $3.96 million (-14%).The 8,825 ETH was bought at an average price of $3,168 between 7/28-8/4 and sold at a price of $2,719, resulting in a loss of $3.96 million (-14%). The buyer purchased in increments during a dip before the market crashed on 8/5, missing out on the crash and resulting in the loss instead of profit.