The whale who bravely bought the ETH dip at $3,027.33 has finally started to cash out.

Just in the past two hours, this person cleared out 2,136 ETH on-chain, selling at an average price of $3,066.4. This transaction realized $6.55 million and netted a profit of $83,000. Although the profit doesn't look astonishing, the timing was quite precise—selling on a small rally, a steady approach.

But don't think they've exited completely. This whale and their associated addresses still hold 7,290 ETH, with a total market value of over $22.61 million at the current price. Judging by this, they're likely taking profits in batches and holding the majority to continue watching the market.

From buying the dip to taking profits, the whole operation was very seasoned. While retail investors look on with envy, they also need to consider: when players of this level start reducing their positions, is it a short-term correction signal, or are they just waiting for an even better entry opportunity?