Crypto trader loses over $2 million in 5 days as market tanks

As the broader cryptocurrency market experiences massive capital outflows , a whale has suffered a costly misstep, dumping thousands of Ethereum ( ETH ) at a steep loss after attempting to time the market ￰0￱ wallet identified as ‘0x1b57’ offloaded 5,570 ETH, approximately $19.56 million, over several hours, sending the funds to Binance in three large batches: 2,070 ETH ($7.26M), 2,000 ETH ($7.01M), and 1,500 ETH ($5.28M), according to the latest on-chain data obtained by Finbold from Arkham on November ￰1￱ whale ETH transactions.