According to @ai_9684xtpa, a whale wallet has accumulated 38,415.18 ETH since Dec 5, valued at approximately 119 million USD at the time of reporting (source: @ai_9684xtpa). The wallet withdrew 3,997 ETH from OKX around 30 minutes before the post, worth about 11.76 million USD (source: @ai_9684xtpa). The reported average cost basis for the 38.4k ETH is 3,111.38 USD, implying roughly 6.576 million USD in unrealized losses (source: @ai_9684xtpa). Approximately 15 minutes prior to the post, the wallet deposited 15.3 million USDT to an exchange, and the author suggests this could precede additional buys (source: @ai_9684xtpa). On-chain, address 0xce9...57c69 is currently staking 41,523.24 ETH and has borrowed 69.82 million USDT, per the referenced Arkham Intelligence entity page (source: Arkham Intelligence). Traders can track this entity on Arkham to monitor exchange flows and loan exposure that may influence short-term ETH liquidity and volatility (source: Arkham Intelligence).