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After holding for 3 months, do they still give up?
A major trader with an address starting with 0x5ACE transferred 2,540 ETH (about $5.56 million) to an exchange after holding for approximately 3 months, ultimately losing about $2.4 million and exiting.
This move is generally interpreted by the market as "stop loss or admitting defeat."
From long-term holding to finally transferring to the exchange, it indicates that the funds failed to wait for the expected market trend and chose to realize losses under pressure.