On-chain data shows that address 0x237…B6aAb transferred 2,900 ETH to a major exchange 10 minutes ago, worth approximately $9.42 million. This operation is part of the address's recent ongoing activity — over the past seven days, it has deposited a total of 5,900 ETH into exchanges, with an estimated one-time cash-out profit of about $707,000.

Interestingly, this address's historical trajectory: as early as December 21, 2025, it withdrew a large amount of 8,550 ETH from an exchange at an average cost of $2,991 per ETH. That move clearly indicated a bullish outlook on the market. Based on current prices, this position has already realized significant unrealized gains. The recent frequent deposits to exchanges may be for profit-taking in batches or rebalancing. The actions of large holders are often closely watched by the market, and this wave of deposits is no exception.