Institution Transfers 109,806 ETH to CEX Over Three Days

An institution has gradually transferred 109,806 ETH to a centralized exchange over the past three days, with the average transfer price at $2,430, according to EmberCN monitoring as of two hours ago. According to BlockBeats On-chain Detection, the address still holds 58,048 ETH. The entity reportedly plans to sell a total of 167,854 ETH. If all of the holdings are sold at the current pace, the position would generate a profit based on an accumulation cost of $1,700 two years ago.