A dormant whale for two years transferred 500 ETH to Kraken, but still lost $166000

According to Onchain Lens, a giant whale that has been dormant for two years transferred 500 ETH (approximately $708700) to Kraken today. Based on its historical buying price of $1504, it still faces a loss of approximately $166000. The whale withdrew a total of 2225 ETH from Bittrex between July 2022 and April 2023, and currently holds 1725 ETH worth approximately $2.47 million.