According to @ai_9684xtpa, wallet 0x31D2b877987d76650556f1b03014F04bE6C7a1c7 deposited 3,373.1 ETH to Binance over the past 7 hours, worth about $11.467M at an average deposit price of $3,399.7 (source: @ai_9684xtpa on X; on-chain: https://intel.arkm.com/explorer/address/0x31D2b877987d76650556f1b03014F04bE6C7a1c7). According to @ai_9684xtpa, the same entity previously withdrew 3,593.21 ETH on Oct 14 at an average $4,051 from build address 0xE37Fe79F348355285638e7C6aCb0beA1c17Bb559, with a peak unrealized drawdown near $5.13M (source: @ai_9684xtpa on X; on-chain: https://intel.arkm.com/explorer/address/0xE37Fe79F348355285638e7C6aCb0beA1c17Bb559). If the new Binance inflow is sold, the realized loss would be roughly $2.196M versus the October cost basis, materially smaller than the prior unrealized loss (source: @ai_9684xtpa on X; transaction sizes and prices as cited). The source frames this as selling into a rate-cut rally and indicates potential spot supply for ETH near the $3,400 level on exchange order books (source: @ai_9684xtpa on X).