According to on-chain analyst @ai_9684xtpa's monitoring, since September last year, a large whale has been accumulating ETH up to 52,732 units. In the past hour, this whale withdrew 3,300 ETH from Spark Protocol, worth approximately $11.41 million, and then deposited these assets onto the Binance platform, which market participants interpret as a suspected selling operation. The cost of building the position for the whale was only $2,030 per unit of ETH, and if this sale is successful, it is expected to yield approximately $4.72 million in profit. Nonetheless, the whale still holds 37,799 units of ETH, and the remaining portion of these holdings still yields over $54.6 million in unrealized profits. This series of on-chain activities has sparked market attention and discussions about the Ethereum market.