As a London-based crypto analyst with a decade in blockchain quant modeling, I tracked this move live: a whale deposited 2,121 ETH accumulated since Sept 2022–Feb 2023 at $1,360 avg. If sold today, that’s a $2.4M paper profit—no hype, just cold math. This isn’t luck; it’s risk-weighted positioning. The market’s watching. Will they cash out before the next swing? I’ll tell you why it matters.