Whale Deposits 10,900 ETH to Exchange, Potential Profit $4.8M

A single whale's deposit is worth noting less for its size than for its timing: the position was accumulated off-exchange, so moving it back onto an exchange is a deliberate liquidity event rather than routine custody. The realized profit is modest relative to the original withdrawal, which suggests this may be partial rotation or risk management rather than a full exit. The open question is whether other large holders follow; one deposit is a data point, not a trend, and exchange inflows from this cohort are what would actually test Ethereum's near-term demand.