Whale 0xbilly Sells 2,409 ETH After Price Drops to $1,569.5, Analyst Says

A whale address labeled 0xbilly sold 2,409 ETH early today after ETH fell to $1,569.5, according to on-chain analyst Yu Jin. According to Odaily, the sale totaled $3.78 million and resulted in a loss of $220,000. The address had bought the same 2,409 ETH one day earlier at $1,660.2, using 4.00 million USDC. Yu Jin also reported that the address previously bought 7,768.5 ETH in March at $2,254 for $17.51 million, then sold four days later during a decline, taking a loss of $800,000.