According to @lookonchain, trader 0xcB92C recently failed to realize over $11 million in unrealized profits from ETH holdings and ultimately exited his position after ETH rebounded above $3,660, resulting in a $1.7 million loss. This is not the first time the trader has experienced a significant unrealized gain only to see it erased by market volatility, highlighting the importance of timely profit-taking strategies for ETH traders. Such trading behaviors can impact ETH price movement and overall market sentiment, especially during periods of heightened volatility (source: @lookonchain).