A whale/institution increased holdings by 750 cbBTC, accumulating purchases of $318 million worth of ETH and cbBTC after the sharp drop.
According to ChainCatcher, on-chain analyst Yujin has monitored that the whale/institution, which previously made a profit of $98.95 million through swing trading, has bought another 750 cbBTC (worth $55.95 million). In the past few days following the sharp drop, this entity has purchased assets worth $318 million.
Currently, this whale/institution holds 83,392 ETH (worth $204 million) at an average price of $2,450, as well as 1,500 cbBTC (worth $113 million) at an average price of $75,820. Now, in total, it holds 173,000 ETH (worth $406 million) and 1,500 cbBTC (worth $113 million), with an unrealized loss of $65.43 million. The average cost for ETH is $2,667, and for cbBTC is $75,820.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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